Michael Covel's Trend Following16 Aug 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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