Michael Covel's Trend Following16 Elo 2013

Ep. 147: Rolf Dobelli Interview with Michael Covel on Trend Following Radio

My guest today is Rolf Dobelli, a Swiss author and entrepreneur. Dobelli is a member of Edge Foundation, Inc., PEN International and the Royal Society of Arts. He is the founder of the World Minds foundation.

The topic is his book The Art of Thinking Clearly.

In this episode of Trend Following Radio we discuss:

Availability bias
Statistics
The sunk cost fallacy
The difficulty of logical thinking
Authority bias and outcome bias
Process vs. outcome
The irrelevancy and "white noise" of news
Information overload
Neomania and the obsession with the "new"
Nassim Taleb, outliers, and the black swan
J.P. Morgan, banks, and looking behind the facade
Why watching and waiting is torture for people (the action bias)
The idea that "the boat matters more than your rowing"
The paradox of choice, closing doors, and settings fire to ships
The "it will get worse before it gets better" fallacy and stop loss
Applying these lessons to daily life

Jump in!

---

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!

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Jaksot(1399)

Ep. 1398: Time Marches On with Michael Covel on Trend Following Radio

Please enjoy my monologue Time Marches On 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 FOLL...

13 Heinä 1h 7min

Ep. 1397: Algos to Live By with Michael Covel on Trend Following Radio

Please enjoy my monologue Algos to Live By 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 FOL...

6 Heinä 51min

Ep. 1396: SpaceX with Michael Covel on Trend Following Radio

Please enjoy my monologue SpaceX 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 RAD...

29 Kesä 23min

Ep. 1395: It's Never the New New Thing with Michael Covel on Trend Following Radio

Please enjoy my monologue It's Never the New New Thing with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive. --- I'm MICHAEL COVEL, the host ...

22 Kesä 49min

Ep. 1394: Michael Melissinos Interview with Michael Covel on Trend Following Radio

My guest today is Michael Melissinos. He is the founder of Melissinos Trading and a trend following trader influenced by legendary traders Ed Seykota and Jerry Parker. A former college baseball player...

15 Kesä 45min

Ep. 1393: Jack Schwager and George Coyle Interview with Michael Covel on Trend Following Radio

My guests today are Jack Schwager and George Coyle. Jack Schwager is a renowned author, trader, and industry expert best known for the Market Wizards series, which profiles some of the world's greates...

8 Kesä 46min

Ep. 1392: Good People with Michael Covel on Trend Following Radio

Please enjoy my monologue Good People 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 FOLLOWIN...

1 Kesä 1h 5min

Ep. 1391: The Biggest Balls of Them All with Michael Covel on Trend Following Radio

Please enjoy my monologue The Biggest Balls of Them All with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive. --- I'm MICHAEL COVEL, the host...

25 Touko 20min