Ep. 126: James Altucher Interview with Michael Covel on Trend Following Radio

My guest today is James Altucher, an American hedge-fund manager, author, podcaster, and entrepreneur who has founded and cofounded over 20 companies. He has published 20 books and is a contributor to publications including The Financial Times, The Wall Street Journal, TechCrunch, and The Huffington Post.

The topic is his book Choose Yourself!

In this episode of Trend Following Radio we discuss:

• The new book and why all the rules we thought of as normal ("The banks will always finance my house", "The stock market will always go up", "The big corporations will always hire me", "If I have a college degree, there will always be a job for me") are imaginary
• Why a good trader trades their own self first, and the importance of choosing yourself and making a consistent inner life
• The need to become an entrepreneur and artist in today's climate, and why you might be looking down the barrel of a career in temp staffing if you don't
• The collapse of the middle class and 9-5 "jobs" as we know them
• The importance of doing the un-obvious
• Why you're only as valuable as your network
• The need to exercise your idea muscle
• Sunk costs and opportunity costs
• Breaking the cycle of consumerism, buying memories and not buying objects
• Commitment bias
• Finding a career at 27, Stan Lee of Marvel Comics, endurance, and the importance of doing something for yourself today
• David Gilmour of Fiji Water and the benefits of adventure
• Medication, lifestyle choices, and the necessity of good sleep hygiene
• The need to be an artist where your life is the canvas

Jump in!

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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

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Twitter: @covel
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LinkedIn: @covel
Instagram: @mikecovel

Hope you enjoy my never-ending podcast conversation!