Ep. 515: Epic Trend Following Episode with Michael Covel
Michael Covel's Trend Following
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The Demand for Disdiscretionary Trading
Do you see the demand for that discretionary macro trader hedge fund waning? Obviously by the time somebody's sitting on the other side of a table for me, they're probably not going to be asking me that question. I'm very clear about the fact that I cannot see into the future. So therefore I don't have any skill in that. But my skills are elsewhere. There is an argument that at least in terms of positioning longer term, maybe nobody has skills like that. Maybe it is just impossible.
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