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Michael Covel's Trend Following

Ep. 1281: Trend Following Is Superior with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6730 Ratings

🗓️ 3 May 2024

⏱️ 23 minutes

🧾️ Download transcript

Summary

Please enjoy my monologue Trend Following Is Superior with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

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I’m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I’m proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.

To start? I’d like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/

You can watch a free video here: https://www.trendfollowing.com/video/

Can’t get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

My social media platforms:
Twitter: @covel
Facebook: @trendfollowing
LinkedIn: @covel
Instagram: @mikecovel

Hope you enjoy my never-ending podcast conversation!

Transcript

Click on a timestamp to play from that location

0:00.0

I just caught some of a Joe Rogan episode. He's talking to a British engineer, and they're

0:06.3

talking about drill marks made on granite in ancient Egypt. And this engineer has figured out that

0:14.5

the Egyptologists and the archaeologist don't know shit about these drill marks on solid granite.

0:23.9

Now, this engineer doesn't necessarily have all the answers, but he knows that the so-called

0:31.1

academics going through ancient Egyptian history don't know there asked him a hole in the

0:37.4

ground.

0:39.3

And what's so wild about that is you would think the goal is truth.

0:46.3

Like we want to know the truth. How did these drill marks from thousands of years ago come to exist on solid granite drill marks that we

0:58.5

can't replicate today but a lot of people don't want to know you know why they get paid

1:06.6

to be blank they get paid to not know Not knowing is why they get paid. Their power is not knowing.

1:16.8

They want to be the arbiter of truth, even if it's clearly not truth. They get paid.

1:26.4

Look at a place like modern America right now.

1:29.0

So many people know the right way.

1:31.6

They know the right thing.

1:33.4

However, they get paid to keep their mouth shut.

1:38.2

That's the way it works.

1:40.3

Or, for example, you run some fund with a shitty strategy.

1:46.2

But it mints fees.

1:49.0

You just keep your mouth shut.

1:52.0

A lot of the investors don't really check it out.

1:54.4

They don't really dig deep.

1:56.4

So everyone is happy, supposedly, until, of course, the damn breaks.

...

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