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Trend Following with Michael Covel

Bestselling author Michael Covel is the host of Trend Following Radio with 7+ million listens. Investments, economics, decision-making, human behavior & entrepreneurship--all passionately explored. Guests include Nobel Prize winners Robert Aumann, Angus Deaton, Daniel Kahneman, Harry Markowitz & Vernon Smith. Also: James Altucher, Dan Ariely, Jean-Philippe Bouchaud, Kathleen Eisenhardt, Marc Faber, Tim Ferriss, Jason Fried, Gerd Gigerenzer, Larry Hite, Sally Hogshead, Ryan Holiday, Jack Horner, Ewan Kirk, Steven Kotler, Michael Mauboussin, Tucker Max, Barry Ritholtz, Jim Rogers, Jack Schwager, Ed Seykota, Philip Tetlock & Walter Williams. All 600+ eps at www.trendfollowing.com/podcast.
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Bestselling author Michael Covel is the host of Trend Following Radio with 7+ million listens. Investments, economics, decision-making, human behavior & entrepreneurship--all passionately explored. Guests include Nobel Prize winners Robert Aumann, Angus Deaton, Daniel Kahneman, Harry Markowitz & Vernon Smith. Also: James Altucher, Dan Ariely, Jean-Philippe Bouchaud, Kathleen Eisenhardt, Marc Faber, Tim Ferriss, Jason Fried, Gerd Gigerenzer, Larry Hite, Sally Hogshead, Ryan Holiday, Jack Horner, Ewan Kirk, Steven Kotler, Michael Mauboussin, Tucker Max, Barry Ritholtz, Jim Rogers, Jack Schwager, Ed Seykota, Philip Tetlock & Walter Williams. All 600+ eps at trendfollowingradio.com/rss.

Feb 16, 2018

William Damon is a Professor of Education at the Stanford Graduate School of Education, Director of the Stanford Center on Adolescence, and senior fellow at Stanford University’s Hoover Institution. He is one of the world’s top researchers on development of purpose in life and author of the widely influential book “The Path to Purpose.” In January 2018 he was named one of the 50 most influential psychologists. This conversation lets listeners to rethink their purpose and take inventory on their day to day life.

How does one get closer to happiness? Purpose is what drives individuals through life. It creates positive aspirations. People who think beyond the day to day and move toward goals tend to have a more fulfilled, happier life. Bill’s work help’s youth find that purpose as well as help elderly keep theirs. He has seen first hand how purpose motivates and makes people obsessed with life.

What is the typical trigger for someone to start searching for their purpose? Is there always a particular starting point? Everyone has their own journey, however there are usually patterns young people follow while finding their purpose. Often they have observed a person that has had influence, and they want to emulate them–whether that be a parent, teacher, boss, coach, etc. However, these influences can also help to cause doubts–which may not be a bad thing. It’s a natural human tendency to get charged up and pursue dreams with more zest when others say it is impossible. It took about four years for Bill to get recognition he was going down the career right path. Success is not overnight.

Prospective thinking is the new “a-ha” revelation that is coming out in developmental psychology. It’s based on being able to shape your own future regardless of your past. Michael and Bill end the conversation talking common decency, universal morals and values.

In this episode of Trend Following Radio:

  • Purpose
  • Prestige of colleges
  • Celebrity status misconceptions
  • Developmental psychology
  • Influences of childhood
  • Prospective thinking
  • Basic morals and values
  • Public schools and curriculum being used
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