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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.

Sep 7, 2012

"You have to understand, most of these people are not ready to be unplugged. And many of them are so inured, so hopelessly dependent on the system, that they will fight to protect it." That quotation inpsired Michael Covel to analyze the two political conventions in America over the past few weeks offering a trend following perspective as an alternative. Within politics people seem to be marionettes attached to strings with invisible hands moving them all around. On either side of the aisle you have people blindly following "their guy" thinking their political win is the answer to their problems. Yet if you want the dollars in your account to go up clapping like a "happy seal" at one of this conventions ain't going to cut it. Covel compares today's landscape to the famous Twilight Zone episode where Roddy McDowall finds himself crash landed on Mars only to realize the comfortable home that has been made for him is a prison where he is exhibited like he's in a zoo--an "earthling in his natural habitat". Covel also notes how technology is arbitraging away the need for human capital and how no politician in America is honest enough to admit it. If so, how do you succeed in this environment? You have to pick an option that's not simply a political belief in "your guy". So what's a way out? Covel lines up some of the basic trend following concepts and applies the eight key features of the scientific method. However, if everyone adopts trend following how can it still be successful? The vast majority of invested assets are in buy and hold mutual funds and unless people stop gambling, stop watching CNBC, and stop drawing false parallels, trend following will never be adopted by the masses. However, the fact that most people are unable to adopt trend following gives you the leg up and a fantastic opportunity to mint cash. Get out of the human zoo. Stop being a marionette. Stop being manipulated. And do something big for yourself. Special Offer: receive free DVD delivered to your home or office: www.trendfollowing.com/win.

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