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Ep. 899: Michael Canic Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Cognitive Bias of Not Wanting to Change

People naturally want everything to work out right, but it just doesn't work that way in an uncertain world. When you speak about not wanting to change, there's so much emotion there, often not very rational,. No rational actor right there, it's just emotion. And I think when you say people don't want to change, they're kind of stuck in it. It's like they don't have the toolbox or the toolkit to understand that walking away or stopping is okay.

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