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Bestselling author Michael Covel is the host of Trend Following Radio with 9.5+ million listens. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trading -- all passionately explored and debated. Guests include Nobel Prize winners: Robert Aumann, Angus Deaton, Daniel Kahneman, Oliver Hart, Harry Markowitz & Vernon Smith. More guests: Jack Canfield, Howard Marks, 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.

Praise:

“Your questions were excellent questions. I enjoyed this very much.”

--Vernon Smith, Nobel Prize in Economics

“You’ve surrounded yourself with one of the most advanced group of mentors possible…The people on your podcasts, and people in your life, all are people with strong opinions, all people that make you think and make you grow. You just have some kind of an affinity for people like that, and that’s part of what makes you good at what you do.”

--Ed Seykota

“Michael Covel’s podcast has had over [9.5] million listeners and he’s completed [900+] episodes. He’s probably the most established podcaster on this list—and it shows. Mr. Covel’s podcast is great for those looking for alternative views on the market, those who are tired of hearing the same old stories told on CBNC and other traditional outlets. This is highly recommended if you are looking to expand your mind in investing. Mr. Covel has had some incredible guests, to include multiple Nobel Prize winners and world-famous investors. One of my favorite episodes was when Mr. Covel interviewed Annie Duke, a former professional poker player who has some incredible insights on decision making. Mr. Covel always has me thinking and Annie Duke only amplified my brain-wave activity.”

--Wall Street Journal

Feb 10, 2017

Jennifer Mueller, author of “Creative Change: Why We Resist it, How We Can Embrace it,” is my guest today. Many crave the life of creativity but choose not to live it. Jennifer explains creative change in a way that newbies and professionals can understand.

“What was the initial aha moment that made you go down this particular path?” People have this “love/hate” relationship with creativity. During a study, Jennifer found that more people relate the word “vomit” to creativity than they relate words like; love, peace, and happiness. This made her wonder, “What is it about creativity that makes people feel that way?”

More and more customers want a creative experience. When people think of a creative experience they think of: something beautiful, not mass marketed, not necessarily fashionable, something that took time and effort to put together, feels authentic and makes them happy. Corporations do think of creativity in the same way, however they end up moving in the opposite direction. They often get sucked into feeling like their product needs to be for everyone, mass marketed, fashionable, etc. so they can sell the product.

Steve Jobs created “corporate creativity.” He had a way of connecting with people from how he dressed to connecting through his products. When people engage in a creative effort they feel like their lives are meaningful and are happier. Jobs captured that. Giving people a surprise is one of the top things people attach to creativity, along with beauty. He was able to wrap all these things up in one presentation.

“We want more creative change. We know there has to be a disruption and we know we can’t predict the future. The heart of your work is to get people to understand, ‘This won’t make you feel comfortable to adopt creative change…it will not be a linear process.’” When you go through the process of learning something, sometimes that process can feel horrible. The good news is though, when you figure this out yourself, it can feel pretty empowering. When we generate creative ideas, we are more accepting of flexibility. Change is a psychological problem. It is not just emotional or rational, it is both.

In this episode of Trend Following Radio:

  • Jeff Basos vs. Steve Jobs
  • Integrating creativity with regimen
  • Rational uncertainty
  • Problems with risk assessments
  • 2001 vs. Star Wars
  • Disrupting the system
  • Millennial generation