Ep. 548: More New Trend Following Book with Michael Covel
Michael Covel's Trend Following
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Trend Following: A Guide to Investing in 2017
The investment chief for the Nevada public employees retirement system has no coworkers, rarely takes meetings and eats leftovers at his desk. DFA is built on the bedrock belief that active management practiced by traditional stock pickers is futile, if not an absurdity. The efficient market theory states, asset prices fully reflect all available information. This means it is impossible for average investors or superstars to beat the market consistently on a risk-adjusted basis.
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