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Ep. 470: Objective with Michael Covel on Trend Following Radio

Atlas Shrugged

Atlas Shrugged

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Michael takes the podcast back to 1959 with an interview between Mike Wallace and Ayn Rand. Wallace and Rand focus on her ‘revolutionary’ view on the world. Rand capsulizes her views as a philosophy based on objective reality. She expands on a new code of morality centered around mans life as a standard of value. This means that a mans highest moral purpose is the achievement of his own happiness and each man must follow his own rational self interest.

Atlas Shrugged demonstrates Ayn Rand’s philosophy in human terms. Rand and Wallace briefly touch on many subjects such as; self sacrifice, love, altruism, the democratic system, and welfare.

Michael wraps up the podcast by summarizing the interview and comparing it to life in 2016. He talks about the importance of leaving his own impact on the world and how necessary logic and reasoning is to being successful.

In this episode of Trend Following Radio:

  • Man’s morality
  • Altruism
  • Self sacrifice
  • Free and unregulated economies
  • Capitalism with government help
  • Welfare
  • Depressions due to government interference
  • Strategic decision making

“Man is entitled to his own happiness but he must achieve it himself. He cannot demand that others give up their lives to make him happy.” – Ayn Rand

“I have no faith at all, I only have convictions.” – Ayn Rand

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Posted in Economics, Entrepreneurship, Multimedia, Podcasts, Psychology, Trend Following

New Trend Following FAQs

Q: Assuming that I decide to quit my day job “working for the man” and become a trader, how do I get access to the markets? How do I do research? Do I need to have access to real-time and historical data?
A: You will need a broker and you will need market data (not real time). We help understand on both issues with recommendations. The research? We provide that too.

Q: Michael would probably crush me for asking this, but I’ll ask it anyway: Is trend following a full time job? It is a big commitment and I’d like to know if it can be done part time?
A: You can be part-time. 100%. You will not be day trading. You can trade using daily or weekly closing prices. No other strategy allows this.

Q: The podcasts are very educational. I have only listened to about 80 of them and while I enjoy them enormously, they mostly dive into the human nature. I didn’t hear much about the specifics on trends in the markets. Do I need to buy Michael’s entire system to be able to understand the trends?
A: We give away a ton of free resources, but if you want to go fast and take advantage of our best work our Flagship is the best bet.

More FAQs.

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Complimentary Audio Book of Trend Following or Trend Commandments?

I have (5) free Audio book codes for Trend Following and Trend Commandments. Five for each.

How do you receive one?

Write a review of my book The Complete TurtleTrader on Only dot com Amazon.

Send me a screen shot of your new review starting right now to my email.

Note: Offer is first come, first serve.

Trend Following

Trend Following

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Posted in Book News, Trend Following

Ep. 469: Laura Roeder Interview with Michael Covel on Trend Following

Laura Roeder

Laura Roeder

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Laura Roeder is a serial entrepreneur and her newest company is Edgar, a social media application. She started working for herself creating websites for people when she was 22 living in Chicago. It spread to optimizing traffic and online marketing for her clients. In 2014 she launched her social media software business, Edgar. They haven’t taken any money from investors and have grown to 2.8 million annual revenue.

Twitter, Facebook, and LinkedIn are the biggest social media platforms today. Many entrepreneurs get overwhelmed by the scope of content creation and posting needed to be successful. They tend to give up before they have even begun. Laura goes into the advantages of recycling content, notes that small percentages of your audience will ever see your content, and that the nature of the internet is all about repeated content.

The questions to ask yourself are, “How much traffic are you driving back to your website? How many people are buying off of that traffic?” There needs to be a balance between providing worthy content to your social media followers and not just pushing ads at followers. Michael then asks, “How important is it to be authentic?”

Don’t worry about people who want to un-follow or unsubscribe to your email. If they don’t want to follow you, then you don’t want them anyway. The extreme side of un-followers are critics. Laura and Michael talk about critics and how to cut them loose. They finish up talking about Edgar and how it works to make social media easier by automation, along with how Laura has carved out her space as a entrepreneurial woman in the tech space.

In this episode of Trend Following Radio:

  • Social media
  • Business competitors
  • Success of Dropbox
  • Keeping up a great reputation
  • Be aware that competitors can access everything
  • Women in the entrepreneurial space

Mentions & Resources:

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Posted in Interviews, Multimedia, Not Wall Street, Podcasts, Trend Following

Algorithms and Decision-Making

Algorithms Are Smart

Algorithms Are Smart

Feedback in:

Hi Michael,

You talked about computers and algorithms in a recent podcast.

I just listened to a talk by Brian Christian for the Long Now foundation about using algorithms to support our decision making. Not necessarily using a computer, but rather to help our thinking and decision making process. A great talk which touches on similar issues. I’d love to hear you interview him some time.

Brian Christian is the co-author of “Algorithms to Live By: The Computer Science of Human Decisions”.


Thanks! Looks like a good guest.

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Trading Food for Thought: July 19th Edition

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Ep. 468: Irrationality with Michael Covel on Trend Following Radio

Trend Following with Michael Covel

Trend Following with Michael Covel

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Michael starts off explaining how Trend Following Radio has morphed into the diverse podcast it is today. He started Trend Following Radio in 2012. It originally was all about trading, but with a Vernon Smith interview, then Gerd Gigerenzer and Dan Ariely interviews, he realized he could take it in a different direction. With those three interviews under the belt, he was able to secure Daniel Kahneman on the podcast which he believes was the real tipping point for the podcast.

For the rest of the episode Michael plays curated clips from the men mentioned above: Vernon Smith, Gerd Gigerenzer, Dan Ariely and Daniel Kahneman. He wraps up by playing a short clip from another brilliant mind in behavior finance, Nassim Taleb. The clips exemplify the spirit of behavioral finance. They range from helping people understand their behavior at a fundamental level to behavior in markets and what drives the average person to make particular risky moves in life and in their trading.

Michael finishes up talking about the enormous amount of misinformation in news and media. You need to do the reading and educate yourself. Absorb wisdom from the right people, do your homework and put in the work to get ahead. It will not just come intuitively or from “for profit” media outlets.

In this episode of Trend Following Radio:

  • Law of demand
  • Behavioral economics
  • Experimental economics
  • How do you make bubbles go away
  • Using algorithms over emotions
  • Noise reduction
  • Statistical thinking
  • Understanding the difference between risk and uncertainty
  • Probability theory
  • Risk Communication
  • Unconscious things that make us fearful

At the beginning of the 20th century, the science fiction author Herbert H. Wells made the following prediction, ‘If we want efficient citizens in a modern technological society we need to teach them three things: Reading, writing and statistical thinking.’ That is, a good way to deal with risk and certainty. Now, today almost 100 years later we have taught in the investment world almost everyone to read and write, more or less, but not to think with risk and uncertainty. – Gerd Gigerenzer

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