Ep. 258: Megan McArdle Interview with Michael Covel on Trend Following Radio

Synopsis: Michael Covel speaks with Megan McArdle on today’s podcast. McArdle is a Bloomberg View columnist who writes on economics, business and public policy. She is the author of “The Up Side of Down: Why Failing Well Is the Key to Success”. She founded the blog “Asymmetrical Information”. Covel and McArdle discuss “trophy kids” and taking the monkey bars away; the idea of a regulator out there trying to guarantee our safety; why the companies that make it aren’t the ones with the best strategic plan–it’s the ones that execute (and fail well); the power of experimentation; Nobel winner Vernon Smith and experimentation; the idea of learning in crisis; how sunk costs are difficult for a large part of the population to grasp; Van Halen, errors, and M&M’s; normative error; small, manageable risks; forager morality vs. farmer morality; and a story about Kentucky Fried Chicken (KFC). Megan McArdle can be found on Twitter at @asymmetricinfo. Want a free trend following DVD: trendfollowing.com/win.

Megan McArdle

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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.