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Ep. 500: Charles Faulkner Special with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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How to Use a Sunk Cost in Your Work

You need to have what are called reference experiences you need to give away stuff little give a ways. Practice the behavior so that your neurology because system one members automatic and unconscious it's running off of what put it this way you do what you do because you've done it beforethat's what a habit is. If you can let go of some of that and not hold on to it i think you're a step ahead well listen to the metaphorYeah hold on let go see that that's what i say it's like you've got money is sunk cost very objective abstract term system two  and then it's like well if you can letting go well that's very basic and sensory and

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