Synopsis: Michael Covel talks with Kathy Kristof. Kristof is a contributing editor for Kiplinger Personal Finance magazine. Kristof and Covel discuss the fact that, if we have bubbles, and we keep having bubbles, what does the average investor do?; the difficulty of trying to figure out value today (yes, clearly not Covel’s world, but he listens to another perspective); the impact of interest rates on investors; the “nervousness” of stocks; government intervention and trust; why investors are better off with a “softer” job market, and a slower recovery; why we have a “Goldilocks” economy, and what might happen if a black swan swoops in; why almost every strategy will have good results at some time or another, and the importance of picking a strategy for yourself; technology, and the connection to entrepreneurial pursuits. For more information on Kathy Kristof see Kiplinger Personal Finance magazine and CBS MoneyWatch. Free trend following DVD: trendfollowing.com/win.