Ep. 526: I Will Survive with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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How to Avoid Confirmation Bias
The great example of Charles Darwin is he avoided confirmation bias. I started wearing little hair shirts like Darwin to try and train myself out of these subconscious psychological tendencies that cause so many errors. Like Sam Walton, Sam Walton will let a purchasing agent take a handkerchief from a salesman. He knows how powerful the subconscious reciprocation tendency is. And there's the Warren Buffett rule for open out cry options. Don't go. We don't go to the close bed options too because they, that's a counterproductive way to do things ordinarily for a different reason which Zeckauser would understand.
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