25 minutes | Aug 5, 2013

Ep. 143: Doing More With Less with Michael Covel on Trend Following Radio

Michael Covel makes the connection between Miss Korea and a TED speech called "Embracing The Shake" today on the podcast. Miss Korea's video pokes fun at those wanting "more, more, more" and the TED video is concerned with an artist doing more with less. What can you do with less? In the trading world trend following by its very nature is about doing more with less. David Harding was looking for something he could do from a desert island. Getting back to the idea of doing more with less, Covel reads an excerpt about Harding from the Hedge Fund Journal. Harding stepped outside the sheep behavior of the efficient market hypothesis and looked at the data in a different way. Next, Covel plays a clip from former Russian KGB officer Yuri Bezmenov in which he talks about the four step process that forces people to become lost; the four steps which can be used to change the thinking and behavior of entire generations. Demoralization, destabilization, crisis, and normalization. The normalization can last forever. That's what's happening in modern day society. If that is it, the idea of David Harding being curious and looking outside the box (or inside the box as the "Embrace The Shake" video says) is more important than ever. Critical thinking is everything. Want a free trend following DVD? Go to trendfollowing.com/win.

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