Ep. 175: Dylan Evans Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
How to Make a Decision on Uncertain Information
I think everybody deep in their gut knows it's extremely uncertain. In my world, and I know you have some experiences too, the investing world is constant. There is no certainty. All of the major media players, the big brokerage firms, et cetera, they love to give the story of certainty. The idea here is that if you want to decide whether or not to make a bet or invest in a certain stock, or ultimately to take any decision, you can actually use the same basic maths to do it. What you do is just take the probability of some event occurring, and then you multiply that by the amount of money that you would gain or lose by making that choice
Play episode from 15:41
Transcript
