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Ep. 379: John Casti Interview with Michael Covel on Trend Following Radio
Ep. 379: John Casti Interview with Michael Covel on Trend Following Radio
ratings:
Length:
38 minutes
Released:
Sep 11, 2015
Format:
Podcast episode
Description
Today’s guest is prolific author, mathematician and entrepreneur John Casti. John talks with Michael Covel about social mood, and how ultimately the events that urge populations to move in one direction or another are largely unpredictable.
John discusses the concept of socionomics – the idea that the collective beliefs of a society about its future will influence the kinds of social events to occur in that future. And while these triggers, which John refers to as X-events, can’t be predicted, John explains that they can absolutely be prepared for by understanding the greater social context of the region.
As an example, John cites the so-called Arab Spring. As he points out, no one could have predicted the single event that moved millions in the Arab World to take to the streets in protest. But it wasn’t hard to see that the region had long been primed for something big. Charles Faulkner recommended John as a guest (even though he only knew his work). Good tip from Charles!
In this episode of Trend Following Radio:
The fundamentals of socionomics
The science of surprise
Understanding that social mood is time-dependent
How X-events can trigger mood reversals
Isolating the collective social belief
The mindset of “the crowd”
Want a FREE Trend Following DVD? Get it here.
John discusses the concept of socionomics – the idea that the collective beliefs of a society about its future will influence the kinds of social events to occur in that future. And while these triggers, which John refers to as X-events, can’t be predicted, John explains that they can absolutely be prepared for by understanding the greater social context of the region.
As an example, John cites the so-called Arab Spring. As he points out, no one could have predicted the single event that moved millions in the Arab World to take to the streets in protest. But it wasn’t hard to see that the region had long been primed for something big. Charles Faulkner recommended John as a guest (even though he only knew his work). Good tip from Charles!
In this episode of Trend Following Radio:
The fundamentals of socionomics
The science of surprise
Understanding that social mood is time-dependent
How X-events can trigger mood reversals
Isolating the collective social belief
The mindset of “the crowd”
Want a FREE Trend Following DVD? Get it here.
Released:
Sep 11, 2015
Format:
Podcast episode
Titles in the series (100)
Ep. 5: Nick Radge Interview with Michael Covel on Trend Following Radio: Michael talks to Nick Radge (www.thechartist.com.au) author of the new book, "Unholy Grails". Nick has been trading and investing since 1985. During this time Nick has worked for numerous international investment banks and spent time on the trading... by Michael Covel's Trend Following