meta_pixel
Tapesearch Logo
Michael Covel's Trend Following

Ep. 1320: Happy New Year with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6730 Ratings

🗓️ 6 January 2025

⏱️ 22 minutes

🧾️ Download transcript

Summary

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

---

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 finished a more than one month trip to America.

0:05.1

Always interesting to be back to make observations.

0:09.7

I grew up in the Washington, D.C. area, about 15 miles from Washington, D.C.

0:16.8

I visited that area again, and I got to tell you, it's absolutely amazing what unfettered

0:24.7

government spending, government welfare can do to an area.

0:31.7

If a government has an unlimited checkbook and spends and spends and spends. People who live in that area

0:40.6

will think they are rich. And perhaps they end up having a lot more money than they otherwise

0:48.9

would have had. That's a fact. But it's disgusting.

0:55.7

Because at the end of the day, all of us are driven, whether we admit it or not, in the one life that we have so far, we are driven to create, we are driven to make.

1:09.7

We are not only driven to take. If you live a life of only taking,

1:16.2

man, I sound really heated already to start the new year. What the hell? I am heated. But if you are

1:21.1

driven to only take, what are you? You're not the type of person that wants to listen to me.

1:30.0

I look up to the achievers.

1:33.1

My mentors have all been achievers.

1:36.6

Novel approaches to the markets.

1:39.4

Novel approaches to business.

1:42.0

Work hard, often, alone, inspired to make something great happen.

1:50.0

Now, there's no guarantee you will be the next Elon Musk, obviously, but you still strive. You still push.

1:59.5

When you go back to the Washington, D.C. area, you can feel it.

2:04.4

Millions of people on the dole, whether those people consider themselves rich or poor.

2:12.8

They are all on the dole. They are all taking.

2:19.3

They are all pretending.

...

Transcript will be available on the free plan in -80 days. Upgrade to see the full transcript now.

Disclaimer: The podcast and artwork embedded on this page are from Michael Covel, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Michael Covel and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.