Ep. 708: One of the Omaha Guys Lays It Out with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Revision of Margin Requirements
The class that was going to make money out of running derivative exchanges and all kinds of things option exchanges wanted the equivalent of a new gambling parlor where they could be the croupier. The procedures are not proper it's like his insurance company that insured against hurricanes until it came to the island where they wrote the insurance. I don't think you should have a lot of assets on your books that are in the category good until reached for anyway this thing just morphed into this diseased outcome, he says.
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