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Ep. 551: Jack Schwager with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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Drawdown Is the Scarlet Letter in the Stock Market

Sally Kohn: I don't know how one achieves any success in life. Just about anything requires drawdown. She says Warren Buffett, unless you can watch your stock holding decline by 50% without becoming panic-stricken, should not be in the stock market. But trend following works because there are trends in a market, but there's also a very adverse reaction to them for extended periods of time," she says.

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