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Ep. 176: Fabian Lim Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Failure of Philosophy

I think we have to kind of put into context the failure of philosophy. I firstly realized that the average person when it comes to entrepreneurship, fail pretty much because they don't just do enough homework. One of the key reasons why an enterprise will succeed is simply because the enterprise offers more value relative to the competition. But so there are reasons for failure. So again, some people call it ignorance and that's why, you know, in trading there's a room full of excuses. And but ignorance is one thing but failure to plan I think is another thing. A lot of times when people fail to plan they conveniently sweep the reason for the failure as,. you know, some external thoughts

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