33 min listen
Ep. 303: Charles Faulkner Interview with Michael Covel on Trend Following Radio
Ep. 303: Charles Faulkner Interview with Michael Covel on Trend Following Radio
ratings:
Length:
55 minutes
Released:
Dec 22, 2014
Format:
Podcast episode
Description
Michael Covel speaks with Charles Faulkner today on the podcast. Faulkner is an author, trader, and an expert on modeling the knowledge and performance of exceptional individuals. He was originally featured in "The New Market Wizards" by Jack Schwager. Covel and Faulkner discuss the notion of fictional people and why famous figures in finance are “fictional”; the importance of narratives, stories, and metaphors; the halo effect and deluding ourselves; the difference between a story and a strategy; the nature of independent thinking; herd behavior; ego, ignorance, and authority; the five different types of minds: the experiencing mind, the imaginative mind, the reasoning mind, the reflective mind, and the generative mind; system one and system two; why words don’t change people but experience does; experience base and the difference between amateur and professional traders; the two kinds of market wizards; language in the context of the five different types of minds; the importance of asking “how” does the market work over “why”; the importance of luck and time in the case of Warren Buffett; why you shouldn’t get your excitement from trading. For more information on Charles Faulkner, visit charlesfaulkner.com. Want a free trend following DVD? Go to trendfollowing.com/win.
Released:
Dec 22, 2014
Format:
Podcast episode
Titles in the series (100)
Ep. 8: Michael Covel on Trend Following Radio: What does golfer Bobby Jones have to do with trend following? Michael discusses a new IBM commercial featuring Jones which has a number of ideas relevant to trend following - why the process is much more important than the outcome, and how you can't... by Michael Covel's Trend Following