Trend Following With Michael Covel

My guest today is Barry Schwartz, an American psychologist and author. He is a professor of Social Theory and Social Action at Swarthmore College. Schwartz's psychological work is right there at the foundation of why any trader or investor will have success.  The topics are his books The Paradox of Choice: Why More is Less and Practical Wisdom: The Right Way to Do the Right Thing. In this episode of Trend Following Radio we discuss: Choice and practical wisdom Choice in selecting a mutual fund, and how Schwartz has seen that unfold in corporations The paradox of options Having too much choice Democracy and choice The idea that decision-making has shifted from the expert to the individual Why prescription drugs are marketed to people who can't buy them outright If choice drives clinical depression Expectations The idea of practical wisdom Judgment and discretion in the workplace Wisdom and the education system Having a "script" from your employer that prevents you from thinking outside of the box The importan