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Ep. 696: The Data Always Beats the Doctor with Michael Covel on Trend Following Radio

Ep. 696: The Data Always Beats the Doctor with Michael Covel on Trend Following Radio

FromMichael Covel's Trend Following


Ep. 696: The Data Always Beats the Doctor with Michael Covel on Trend Following Radio

FromMichael Covel's Trend Following

ratings:
Length:
18 minutes
Released:
Sep 24, 2018
Format:
Podcast episode

Description

Michael explores new research showing pharmaceutical statins do nothing to help prevent medical problems relating to heart disease–if you have no risks. For years people have believed there was a special pill to save them from high cholesterol. Turns out, there is no special pill to help–exercise, eat well, get adequate sleep–these things are how you improve your health. It’s about personal responsibility. Trust yourself? Or trust the system that has been proven wrong time and time again? $400 billion dollars has been lost in crypto currencies. Michael shares an example of a man who lost 95% of his $120,000 investment in Bitcoin. When Bitcoin started going down he tried diversifying into other crypto currencies. He said his learning process was like “solving the plot of a murder mystery.” The notion that he could use fundamental data and figure out how to trade Bitcoin was all wrong. Jerry Parker commented on this story by saying, “He should have studied trend following.” Having a stop in place, and looking at the data would have saved him from his financial ruin. Statins and cryptos connect? You bet. In this episode of Trend Following Radio: Big pharma Statins Trusting the system Personal responsibility
Released:
Sep 24, 2018
Format:
Podcast episode

Titles in the series (100)

Bestselling author Michael Covel is the host of Trend Following Radio with 9.5+ million listens. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trading -- all passionately explored and debated. Guests include Nobel Prize winners: Robert Aumann, Angus Deaton, Daniel Kahneman, Oliver Hart, Harry Markowitz & Vernon Smith. More guests: Jack Canfield, Howard Marks, James Altucher, Dan Ariely, Jean-Philippe Bouchaud, Kathleen Eisenhardt, Marc Faber, Tim Ferriss, Jason Fried, Gerd Gigerenzer, Larry Hite, Sally Hogshead, Ryan Holiday, Jack Horner, Ewan Kirk, Steven Kotler, Michael Mauboussin, Tucker Max, Barry Ritholtz, Jim Rogers, Jack Schwager, Ed Seykota, Philip Tetlock & Walter Williams. 900+ episodes.