Trend Following Attitude with Michael Covel on Trend Following Radio
Please enjoy my monologue Trend Following Attitude with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.
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My guest today is Christopher Chabris, an American research psychologist, currently Associate Professor of Psychology and co-director of the Neuroscience Program at Union College in Schenectady, New York, Adjunct Assistant Professor of Neurology at Albany Medical College and a Research Affiliate at the MIT Center for Collective Intelligence.
The topic is his book The Invisible Gorilla: How Our Intuitions Deceive Us.
In this episode of Trend Following Radio we discuss:
Witnesses, memory, and the legal system
Expert witness testimony
“The play that changed poker”
Mastery in any field
The connection between chess and memory
Chabris’ interaction with Neil deGrasse Tyson, and how memory affects our outlook
The stock market, prediction, and forecasting
The importance of confidence with regard to predictions
Simple rules vs. complex rules
Oprah Winfrey, Malcolm Gladwell, and intuition
Memory and the influx of information coming at us
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My guest today is Michael Mauboussin, an investment strategist in the financial services industry, professor at the Columbia Graduate School of Business, and serves on the board of trustees at the Sante Fe Institute (an independent, nonprofit theoretical research institute). He is managing director and head of Global Financial Strategies at Credit Suisse, where he advises clients on valuation and portfolio positioning, capital markets theory, competitive strategy analysis, and decision making.
The topics are his books More Than You Know and Think Twice: Harnessing the Power of Counterintuition.
In this episode of Trend Following Radio we discuss:
Multi-disciplinary thinking and its influence on Covel
Looking at larger reference classes
The Swiss Franc
Mauboussin’s personal take on the recent oil move
Fundamentals and expectation
Luck or skill when it comes to trading profits
The paradox of skill, absolute, and relative skill
Whether scientific principles of luck exist
Defining luck
Outcome bias
The general public perception of behavioral economics
Listen to this episode:
Listen to this podcast on iTunes. (Please leave a rating!)