Ep. 1335: Thinking for a Living with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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Embracing Failure: Lessons from Sports and Finance
This chapter emphasizes the crucial role of failure as a learning opportunity and critiques the often unrealistic expectations held by young athletes. It draws parallels between high-risk ventures in finance and sports, illustrating the rarity of success in both fields while advocating for a disciplined approach to risk-taking. The discussion further explores the physical and mental toll that pursuing fame and success in professional sports can have on athletes, challenging perceptions of achievement.
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Transcript
