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Ep. 35: Patrick De Villiers Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Importance of Ego in Profitability

The book didn't change anything, it just frustrated us that we couldn't get it right. We were arrogant enough to believe that we were smart enough to do this. What is actually happening is you discount the amount of flow that a large institution or bank provides to you onto your desk. So when I mentioned that people often discount their own, you know, discount the bank's franchise, that's exactly what I mean. You give your own abilities too much importance when you sit inside.

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