Ep. 1335: Thinking for a Living with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
The Lessons of Delayed Gratification from Childhood
This chapter explores a childhood memory of selling Christmas cards to illustrate the concept of delayed gratification and its impact on decision-making. It highlights the conflict between seeking immediate rewards and the responsibilities associated with long-term commitments, setting the stage for a discussion on risk-reward analysis.
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