Ep. 187: Charles Faulkner Interview with Michael Covel on Trend Following Radio

Published: Nov. 30, 2013, 1:30 a.m.

My guest today is Charles Faulkner, an author, trader, and international expert on modeling the knowledge and performance of exceptional individuals. He was originally featured in "The New Market Wizards" by Jack Schwager.

The topic is trading psychology.

In this episode of Trend Following Radio we discuss:

  • Behavior, emotions, decision-making, and intuition in the world of money--and what money does to us on a biological level
  • Neurolinguistic Programming
  • How money in the mind influences money in the world
  • The schizophrenic-seeming handout to the two recent Nobel Prize winners
  • \u201cSystem one\u201d and \u201csystem two\u201d
  • How \u201cone\u201d is running all the time, how \u201ctwo\u201d takes effort--and where Faulkner hopes to take this research
  • How experience can teach \u201csystem one\u201d
  • New lightbulb moments in current research
  • How the \u201cafraid to lose\u201d (or in Singapore, Kiasu) concept could be terribly dangerous when applied to money
  • Why the less you know about something, the clearer the image--and the more certain you are that it\u2019s real and true
  • The need for certainty
  • Money as a living metaphor; sunk costs
  • The Myers-Briggs instrument
  • Rituals and money

Jump in!

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I\u2019m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I\u2019m proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.

To start? I\u2019d like to give you a great piece of advice you can use in your life and trading journey\u2026 cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/

You can watch a free video here: https://www.trendfollowing.com/video/

Can\u2019t get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

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Hope you enjoy my never-ending podcast conversation!