Trend Following With Michael Covel

My guest today is Rolf Dobelli, a Swiss author and entrepreneur. Dobelli is a member of Edge Foundation, Inc., PEN International and the Royal Society of Arts. He is the founder of the World Minds foundation. The topic is his book The Art of Thinking Clearly. In this episode of Trend Following Radio we discuss: Availability bias Statistics The sunk cost fallacy The difficulty of logical thinking Authority bias and outcome bias Process vs. outcome The irrelevancy and "white noise" of news Information overload Neomania and the obsession with the "new" Nassim Taleb, outliers, and the black swan J.P. Morgan, banks, and looking behind the facade Why watching and waiting is torture for people (the action bias) The idea that "the boat matters more than your rowing" The paradox of choice, closing doors, and settings fire to ships The "it will get worse before it gets better" fallacy and stop loss Applying these lessons to daily life Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to