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Michael Covel’s Mind Food For Thought: May 5th Edition

Food for thought:

Enjoy.

Ep. 759: Tomas Chamorro-Premuzic Interview with Michael Covel on Trend Following Radio

Tomas Chamorro-Premuzic
Tomas Chamorro-Premuzic

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Michael interviews Tomas Chamorro-Premuzic about his new book “Why Do So Many Incompetent Men Become Leaders? (And How to Fix It).” He is currently the Chief Talent Scientist at Manpower Group, co-founder of Deeper Signals and Metaprofiling, and Professor of Business Psychology at University College London and Columbia University.

There are three popular explanations for the clear under-representation of women in management, namely: (1) they are not capable; (2) they are not interested; (3) they are both interested and capable but unable to break the glass-ceiling: an invisible career barrier, based on prejudiced stereotypes, that prevents women from accessing the ranks of power. Conservatives and chauvinists tend to endorse the first; liberals and feminists prefer the third; and those somewhere in the middle are usually drawn to the second. But what if they all missed the big picture?

In Tomas Chamorro-Premuzic’s view, the main reason for the uneven management sex ratio is our inability to discern between confidence and competence. That is, because we (people in general) commonly misinterpret displays of confidence as a sign of competence, we are fooled into believing that men are better leaders than women. In other words, when it comes to leadership, the only advantage that men have over women (e.g., from Argentina to Norway and the USA to Japan) is the fact that manifestations of hubris — often masked as charisma or charm — are commonly mistaken for leadership potential, and that these occur much more frequently in men than in women.

In this episode of Trend Following Radio:

  • Why do so many incompetent men become leaders?

Mentions & Resources:

Michael Covel’s Mind Food For Thought: April 29th Edition

Food for thought:

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“Curious to see if I can implement a robust, backtested, rules based trend following system…”

Feedback in:

Hi Michael,

Firstly, I want to thank you for creating such great content through your books & podcast, much appreciated. A brief introduction, I am an Airline Pilot and started investing a few years back, try and follow Buffett’s approach of Value Investing. Haven’t tried trading before but was intrigued after reading you book about the Turtle Traders. Curious to see if I can implement a robust, backtested, rules based trend following system.

Thank you once again
[Name]

Hope I can help you over time.

Ep. 757: Jules Pieri Interview with Michael Covel on Trend Following Radio

Jules Pieri
Jules Pieri

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Jules Pieri is Co-Founder and CEO of The Grommet – a marketplace for unique and innovative ideas to launch. She helps entrepreneurs bypass the corporate chain by reshaping how consumer products get discovered, shared, and bought. Her new book is “How We Make Stuff Now: Turn Ideas into Products That Build Successful Businesses.”

Jules loved fine arts in school. She went to the University of Michigan and subsequently put herself on an “art diet” so she could focus her studies in other areas. She eventually took a sculpture class and saw some unique tools that were created by students. She had a light bulb moment-wanting to know how to get into the space of creating new products. Jules started her career as an industrial designer for technology companies and later moved into senior executive roles for large brands, such as Keds, Stride Rite, and Playskool.

When Jules worked at Playskool she saw a large concentration of power among the big brands and noticed innovation slipping away as big retailers like Walmart, Kmart, Target and Toys-R-Us were unwilling to buy new/fresh products. They would take on new products but only ones with slight variations or products with a little new twist. The Grommet was later formed as a response – Jules saw a new route for getting products made and she jumped on the idea. Since October 20th, 2018 The Grommet has launched one new product a day and given small brands the chance to grow among the big competitors.

In this episode of Trend Following Radio:

  • Inventing
  • Patents & Trademarks
  • Innovation
  • Amazon and counterfeit products
  • New product launches

Mentions & Resources: