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Ep. 833: Stephen Martin and Joseph Marks Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Four Soft Messenger Effects

The eight universal messenger traits that we rely on to determine who we should listen to and who we can reliably just ignore. They work like dials: Warm messenger is more likely to be listened to than the dominant one, but in other situations, the rich and famous one will carry sway over the trustworthy one. In environments of uncertainty, we don't know what the truth is. We do this in the same ways we're talking a few moments ago. I don't know if this guy is rich and famous and has something worthwhile to say, but he's standing behind a Ferrari and he's got a cool suit on. So perhaps I should listen to him.

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