Ep. 254: William Poundstone Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
Thorpe's Blackjack System
Shannon Thorpe was a mathematician but he would keep going to Las Vegas to play cards and he regarded it as his personal ATM machine because he could make money so easily. After the book came out, casinos started passing his picture around they would borrow him. He decided why not invest in the stock market? So he started looking into warrants which at the time were really the only kind of options that the average retail investor could work with. And by applying this formula basically Thor found that most warrants were really overpriced. They were almost like carnival games costing way too much based on what you could win and your chance of winning it. But he did find a few underpriced warrants so he
Play episode from 28:13
Transcript
