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Trend Commandments

Michael Covel (FT Press)

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The Little Book of Trading

Michael Covel (Wiley)

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The Complete TurtleTrader

Michael Covel (Collins)

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Trend Following

Michael Covel (FT Press)

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Broke (Film DVD)

Michael Covel

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Asch Conformity Experiments (Read: Sheep)

Why put sheep in my film? Why put sheep on the cover? Consider the Asch conformity experiments:

Note: No vulgarity or ugly attacks. There are other places for that.

  • MK

    Wow! Very interesting, thanks!

  • carlos

    lol! poor guy…

  • mt

    can you imagine if before you took that test you were told that everyone in the room with you is a specialist in thier field, a genius, analyst, some professor, etc. could you still make your own decision? those people are cnbc and the world of finance in a nutshell.

  • Brent Kinman

    This experiment shows exactly why most people can not make an above average return in the market. This type of conformity is not rational (when taking a step back). And since people are not rational, the markets (made up of people) are therefore not efficient, which makes above average returns possible, even over the long term. What I can’t understand is why so many academics and wall-street types can’t get this. Seems clear to me!

  • Matthew

    Everything you ever wanted to know about teams, groups and communism: that’s act according to the principle of common irresponsibility.
    The wisdom of team allways turns down the profs to the lower average collective level. That’s the reason why the best traders trade alone (from an interview with A. Elder).


Trend Following

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Books & Film

The Little Book of Trading

Trend Following Live

Extras

 

Market Wizard Interviews


  • Jim Rogers with Michael Covel in Singapore.

  • Market Wizard Larry Hite discusses odds.

  • Harry Markowitz on Jim Cramer.

  • Trader Salem Abraham about the unexpected.

  • Michael Covel: Reason TV Interview.

  • Michael Covel in Brazil for BM&FBovespa.

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