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Ep. 362: Speculation Wins Today with Michael Covel on Trend Following Radio
Ep. 362: Speculation Wins Today with Michael Covel on Trend Following Radio
ratings:
Length:
31 minutes
Released:
Jul 13, 2015
Format:
Podcast episode
Description
Speculation has become a pejorative for some in recent times. A quick search yields the following definition of speculation: “forming a theory about a subject without firm evidence.” Yet if we look at the origin of the word, “speculor” means “to observe” in Latin. To speculate is to observe, and to make decisions based on those observations. In business and in life, there are ultimately two choices: to speculate or to gamble. The difference between the two is simple: the first has a strategy behind it; the second does not. The first relies on predetermined parameters for making decisions; while the second leaves decisions up to circumstance or emotion. In this monologue, Michael Covel talks about the philosophical foundation of success: speculation. This episode features many notable quotes from famous economists and traders, going back as far as the 1800s. The wisdom of these men is the foundation of trend following, and is as relevant today as ever. In this episode of the Trend Following podcast: why speculation is such an important concept, the philosophy behind trend following, watching results rather than causes, cutting short your losses, timeless excerpts from as early as the 1800s, and the early beginnings of Wall Street. Free trend following DVD: www.trendfollowing.com/win.
Released:
Jul 13, 2015
Format:
Podcast episode
Titles in the series (100)
Introduction: The Trend Following Manifesto with Michael Covel: Michael Covel, author of Trend Following, The Complete TurtleTrader, The Little Book of Trading, and Trend Commandments, introduces his podcast--The Trend Following Manifesto with Michael Covel. This is the first episode, the starting introduction, of... by Michael Covel's Trend Following