Ep. 147: Rolf Dobelli Interview Live Now

Synopsis: Michael Covel speaks with Rolf Dobelli. Dobelli is a Swiss novelist, writer, and entrepreneur. He’s the author of the best-selling “The Art of Thinking Clearly“. There can be no greater objective for the population as a whole these days than to think clearly. Covel and Dobelli discuss availability bias; statistics; the sunk cost fallacy; the difficulty of logical thinking; authority bias and outcome bias; process vs. outcome; the irrelevancy and “white noise” of news; information overload; neomania and the obsession with the “new”; Nassim Taleb, outliers, and the black swan; J.P. Morgan, banks, and looking behind the facade; why watching and waiting is torture for people (the action bias); the idea that “the boat matters more than your rowing”; the paradox of choice, closing doors, and settings fire to ships; the “it will get worse before it gets better” fallacy and stop loss; and applying these lessons to daily life. Free trend following DVD: trendfollowing.com/win.

Also, I am aware of the Taleb situation here and here.

You might like my 2017 epic release: Trend Following: How to Make a Fortune in Bull, Bear and Black Swan Markets (Fifth Edition). Revised and extended with twice as much content. Out April 24th 2017.