Ep. 398: Investing and Sports Parallels with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Thinking Straight
The reason Daniel Kahneman and Vernon Smith won their Nobel prizes in behavioral economics is because they know the human condition doesn't change. And if one has a firm understanding of how flawed we are as human beings, our inability to decipher, to figure out, to consider a reason, to critically think, that's surely not going to change. It sure seems like behavior will continue to play a huge role in the markets.
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