165: Michael Samuels – Speculating on Mergers—and a Case of “Excessive” Due Diligence

This podcast episode chronicles Michael's journey from a producer at CNBC to a professional trader, emphasizing the crucial elements of passion, strategy, and continuous learning in investment. Michael highlights the importance of finding a trading style that suits one’s strengths and delves into the specifics of event-driven trading, risk management, and the lessons learned from his experiences with mergers and market volatility. He underscores the perils of emotional decision-making in trading while advocating for a rational approach, particularly with the potential pitfalls of due diligence and the importance of addressing one’s own biases.