Ep. 486: Individualism with Michael Covel on Trend Following Radio

The Fountainhead
The Fountainhead

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Michael opens the podcast with an excerpt from “The Fountainhead” about creating, entrepreneurism, and living for one’s self. “The Fountainhead” is one of Michael’s favorite books and encourages all to read it.

Michael dives into an example that dovetails right into “The Fountainhead” excerpt. Recently Michael tweeted a quote from Derek Bok, “If you think education is expensive, try ignorance.” He quickly got a response on Twitter saying he was “bearish”. Michael stresses throughout the conversation that it doesn’t matter if you are liberal or conservative. Trend followers don’t care about politics or media. It is all about price action.

In this episode of Trend Following Radio:

  • Creators vs. parasites
  • Human relationships
  • Altruism
  • The individual vs. The collective
  • Liberal and conservative trading perspectives
  • Price action is paramount

“Nothing is given to man on earth. Everything he needs has to be produced. Man can survive in only one of two ways; By the independent work of his own mind, or as a parasite fed by the mind of others.” – Ayn Rand, “The Fountainhead”

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