Ep. 524: Algo Fear with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Strategy
There's going to be trends everywhere. You didn't have to predict those trends to trade them. This is human nature. Who gives a shit? They're trends. That's the whole point. Even if you've got a great trend following strategy and you're levered to the hilt, you're going to blow up. I think one of the things that will cause further concentration will be the emergence of the so-called robo-advisors.
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Transcript
