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Ep. 560: Arrogance with Michael Covel on Trend Following Radio

Arrogance with Michael Covel on Trend Following Radio
Arrogance with Michael Covel on Trend Following Radio

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Michael Covel uses Richard Feynman to help break down the scientific method. Michael reads quotes from Feynman explaining it, then uses the scientific method to look at the recent actions of Tiger Woods highlighted in the news. Investing, money, and sports figures are examples of where people those sight of reality. Most do not make decisions based on the scientific method. They want to think that their sports hero is still a hero or they want to think they have not lost money in the markets just because they have not sold. People just want to be right. Ego and arrogance run amok.

In this episode of Trend Following Radio:

  • Cognitive dissonance
  • Confirmation bias
  • Tiger Woods
  • Richard Feynman
  • The scientific method

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Ep. 523: Tom Asacker Interview with Michael Covel on Trend Following Radio

Tom Asacker
Tom Asacker

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This is Tom Asacker’s second appearance on the show. His newest work is “I Am Keats: Escape Your Mind and Free Your Self.” The title of his book spawned from a conversation he had with a friend whose 20-something year old son was still living at home. Tom told his friend “Too bad we can’t wipe his memory clean and start over.” All actions come from your memory so Tom figured if he could wipe the 20 something’s memory clean, he could rewrite his life. After that conversation Tom had a sequence of serendipitous moments that lead to the writing of “I Am Keats.” Tom gives a unique perspective on the human condition that will no doubt give all listening something to think about.

Tom’s work allows people to think of themselves as being in a “mental cell,” to think clearly outside that, and learn how to make better decisions. There is a powerful misconception among people that they have a predisposed identity. Asacker says, “Who you are is what you create.” Just because you choose to go one direction, doesn’t mean that you won’t have some serendipitous event that changes your course of life. Just enjoy your journey, whether it is a journey full of struggle or journey full of success. The process is the goal, not where you think you are going to get to in the future.

There is no linear path to success and happiness. This illusion of stability causes people to wake up when they are 40 or 50 and think to themselves, “What happened with my life?” Life is not predetermined. It unfolds as you live it. What you do in the past sets you up for the future. How do you compete with the Steve Jobs of the world by staying in your office cube? Stop hedging your bets, and jump off the ledge.

In this episode of Trend Following Radio:

  • Taking a leap of faith
  • Traveling for the sake of traveling
  • Serendipity
  • Hypocrisy on the Internet
  • What are your “beliefs”
  • Cognitive dissonance
  • Being driven by inspiration vs. data
  • Bring the engineers in after you have the design

“People in general already believe that they are better and smarter than average. It is a cognitive bias called illusionary superiority and the internet is making this bias even more extreme. It is supercharging peoples pre-conceptions and solidifying their false assumptions.” – Tom Asacker

“I want life to be like an Easter egg hunt.” – Michael Covel

“You can’t create from data, you create from the soul.” – Tom Asacker

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