trendfollowing's Commentaries
Is Covel A Hypocrite?
After my presentation in Brazil I received many questions. One in particular stood out for me. After the audience of 600 had just listened to me preach about the negatives of media and press (in my film), I was asked how I was different. Actually, it is a great question. It really comes down to fundamentals versus trend following. If you watch Cramer, CNBC, etc. the idea is that you will forever watch because the fundamentals are always changing so you must always tune in to stay current. I don’t do anything of the sort. I write and teach trend following subjects. Once you know it, you don’t need me. That is a huge difference. Of course I would like to teach as many people as possible and yes I am a capitalist, but CNBC I am not.
The other issue is the one of “tips”. The entire financial news media is focused on either tips or some other form of analysis to get you to take a direction. Once again, if you are going to follow the advice of some fundamental analyst you are stuck connected to them forever. On the other hand I show people a strategy. Once you learn it if you are still coming back to me looking for “hot tips”…I dare say you missed the point of trend following!
Best and simply said: “Give a man a fish; you have fed him for today. Teach a man to fish; and you have fed him for a lifetime.”
Tags: critics
