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Ep. 566: Induced with Michael Covel on Trend Following Radio

Induced with Michael Covel on Trend Following Radio
Induced with Michael Covel on Trend Following Radio

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Please enjoy my monologue Induced with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

In this episode of Trend Following Radio:

  • Drawdowns
  • Dunn Capital performance
  • Warren Buffett performance
  • Risk management
  • Ego in trading
  • Cognitive dissidence
  • Efficient market hypothesis
  • Black Swans
  • Transparency
  • Critics; Trolls!

Mentions & Resources:

Listen to this episode:

Want to learn more Trend Following? Watch my video here.

Is Noah Smith of Bloomberg Just a Troll who does not Understand Troll Following?

I caught this write-up from Nassim Nicholas Taleb. My first thought? That name sounds familiar…

This same guy Taleb rips… I also dealt with him a few years back over his severely misinformed take on trend following.

I responded on my podcast here. Small world for Noah Smith Bloomberg.

Bloomberg Noah Smith
Noah Smith

 

Read more about Nassim Nicholas Taleb quotes.

 


How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.

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Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.

I Want the Hate Too

Caught this review of my podcast while discussing “troll” aspects of modern life with my sister:

Michael Covel interviews some great guests on his podcast, and that’s the part I love about his podcast. When h[e] allows the guests to go deep into a topic, the interviews are tremendous. Things I dislike about these podcasts? Michael Covel constantly diverts conversations into meaningless specula about fed policy or starts a monologue about value investing and buy-and-hold. Good to hear once, but not on e[very] podcast! Also, he over all tends to talk like a “know-it-all”. Michael, allow guests to talk more about topics they’re good at and stop trying to be a “life” coach.

She then says remember the scene from Howard Stern’s film? I said no, so looked it up. Self-explanatory:

Researcher: The average radio listener listens for eighteen minutes. The average Howard Stern fan listens for, are you ready for this, an hour and twenty minutes.

Stern Associate: How can that be?

Researcher: Answer most commonly given: “I want to see what he’ll say next.”

Stern Associate: Okay, fine, but what about the people who hate Stern?

Researcher: Good point. The average Stern hater listens for two and a half hours a day.

Stern Associate: But… if they hate him, why do they listen?

Researcher: Most common answer: “I want to see what he’ll say next.”

Stern has made me laugh many times in my life.

Note: Great piece on dealing with haters.


How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.

Also jump in:

Trend Following Podcast Guests
Frequently Asked Questions
Performance
Research
Markets to Trade
Crisis Times
Trading Technology
About Us

Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.

Trend Following (and Me) Might Not Be for You

Seth Godin writes:

The fabled comedian is killing it at a club that seats 400. One guy in the back, though, isn’t laughing.

Miles Davis was shunned by a few people in the audience, even at his coolest.

The theater critic at the Times might not like this play, the one that made people cry and sold tickets for years.

And just about every blog post and book listing collects a trolling comment from someone who didn’t like it, didn’t read it or didn’t agree with it (or all three) and isn’t shy about speaking up with a sharp tongue.

For those people, the message from the creator of the work is clear: “It’s not for you.”

Unanimity is impossible unless you are willing to be invisible. We can be unanimous in our lack of feedback for the invisible one.

For everyone else, though, the ability to say, “It’s not for you,” is the foundation for creating something brave and important. You can’t do your best work if you’re always trying to touch the untouchable, or entertain those that refuse to be entertained.

“It’s not for you.”

This is easy to say and incredibly difficult to do. You don’t have much choice, though, not if you want your work to matter.

I could not say it better. My world might not be for you, but for those awake it is exactly for you.


How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.

Also jump in:

Trend Following Podcast Guests
Frequently Asked Questions
Performance
Research
Markets to Trade
Crisis Times
Trading Technology
About Us

Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.