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Michael Covel's Trend Following

Ep. 1325: The Worms Crawl with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6730 Ratings

🗓️ 10 February 2025

⏱️ 68 minutes

🧾️ Download transcript

Summary

Please enjoy my monologue The Worms Crawl 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 want to reach back in my archives today and share a guest who is very special.

0:06.5

He's no longer with us, but he's a clear thinker.

0:11.4

But before I get into his clear thinking, I want to share an example of not thinking.

0:17.7

In fact, I'd like to share an example of a worm crawling, because that's all I could think of

0:23.8

as a title for this episode. Even though I have this fantastic guest from my archives, two of his

0:31.7

appearances I'm going to share, but I still was thinking about the idea of a worm crawling, not because of the guest who is

0:40.5

coming up, but because of the story I'm going to share quickly right now.

0:45.8

I made a comment on X about the deep state, which is what we as Americans call the bureaucratic state,

0:57.7

the people that have jobs that go on and on and on working for the government. And they generally, as I will explain in a second, they generally vote one way.

1:05.0

In fact, they don't generally vote one way. They vote one way. They vote to the left.

1:14.8

So I mentioned the deep state on X, not too terribly a controversial opinion. And this guy says, I don't believe in that. It's a conspiracy theory.

1:23.9

I've been reading, fill in the blank of autobiography from former German leader, and he says the same thing.

1:33.3

Well, isn't that special, Captain Moron?

1:38.0

Let me give a little more information about the deep state.

1:42.2

I grew up in the Washington, D.C. area in the United States of America.

1:47.6

This is Washington, D.C., surrounded by the state of Maryland and surrounded by the state of

1:52.6

Virginia.

1:53.8

They call it the DMV, District Maryland, Virginia.

1:58.2

Maryland has always voted to the left.

2:00.4

D.C. has always voted to the left. D.C. has always voted to the left.

2:03.6

Virginia used to vote somewhat to the right, but now votes to the left as well. The area surrounding

2:11.4

Washington, D.C., encompasses six to seven of the wealthiest counties in the United States of America.

...

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