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Ep. 147: Rolf Dobelli Interview with Michael Covel on Trend Following Radio
Ep. 147: Rolf Dobelli Interview with Michael Covel on Trend Following Radio
ratings:
Length:
39 minutes
Released:
Aug 16, 2013
Format:
Podcast episode
Description
Michael Covel speaks with Rolf Dobelli. Dobelli is a Swiss novelist, writer, and entrepreneur. He's the author of the best-selling "The Art of Thinking Clearly". There can be no greater objective for the population as a whole these days than to think clearly. Covel and Dobelli 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; and applying these lessons to daily life. Free trend following DVD: trendfollowing.com/win. Note: I am aware of the Taleb controversy. Two links to consider: http://www.fooledbyrandomness.com/dobelli.htm and http://www.dobelli.com/the-taleb-problem.
Released:
Aug 16, 2013
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