28 min listen
Ep. 366: The Statistical Mindset with Michael Covel on Trend Following Radio
Ep. 366: The Statistical Mindset with Michael Covel on Trend Following Radio
ratings:
Length:
68 minutes
Released:
Jul 27, 2015
Format:
Podcast episode
Description
There is often misunderstanding among the general public when it comes to probability and risk. For example, 20% of Americans believe they are in the top 1% of income earners, or are soon to be there. This is, of course, statistically impossible.
Statistical thinking needs to have a bigger focus in our society, especially since the amount of data we have to deal with on a daily basis is constantly increasing. We need systems to help us sift through the noise.
Today’s episode is a selection of excerpts from some of the brightest minds of today and yesterday, and their takes on systematic and statistical thinking. Michael Covel provides the commentary. Though this is not strictly a trend following episode, all the material is very much applicable and relevant for anyone in trading or business.
From Penn Jillette (of Penn & Teller) to Gerd Gigerenzer, to Daniel Dennett, to Richard Feynman, this episode is permeated with wisdom to help you cultivate a trend following mindset.
In this episode of Trend Following Radio:
Having a foundation, a system to get through the noise
Developing a statistical mindset
Understanding risk and knowing how to deal with it
Getting “under the hood” of any trading system
Richard Feynman’s lecture on computer heuristics
What computer heuristics have to do with systems trading
A trait that geniuses have in common
The importance of isolation and concentration in learning
Want a FREE Trend Following DVD? Get it here.
Statistical thinking needs to have a bigger focus in our society, especially since the amount of data we have to deal with on a daily basis is constantly increasing. We need systems to help us sift through the noise.
Today’s episode is a selection of excerpts from some of the brightest minds of today and yesterday, and their takes on systematic and statistical thinking. Michael Covel provides the commentary. Though this is not strictly a trend following episode, all the material is very much applicable and relevant for anyone in trading or business.
From Penn Jillette (of Penn & Teller) to Gerd Gigerenzer, to Daniel Dennett, to Richard Feynman, this episode is permeated with wisdom to help you cultivate a trend following mindset.
In this episode of Trend Following Radio:
Having a foundation, a system to get through the noise
Developing a statistical mindset
Understanding risk and knowing how to deal with it
Getting “under the hood” of any trading system
Richard Feynman’s lecture on computer heuristics
What computer heuristics have to do with systems trading
A trait that geniuses have in common
The importance of isolation and concentration in learning
Want a FREE Trend Following DVD? Get it here.
Released:
Jul 27, 2015
Format:
Podcast episode
Titles in the series (100)
Ep. 1: Michael Dever Interview with Michael Covel on Trend Following Radio: Michael Covel interviews Michael Dever author of "Jackass Investing: Don't Do It: Profit From It." Special Offer: receive free DVD delivered to your home or office: www.trendfollowing.com/win. by Michael Covel's Trend Following