Ep. 758: The Foundation of Good Trading with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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Jurassic World: The Truth About the Stock Market
I just enjoy and have enjoyed since putting my first website up in 1996 I've enjoyed the act of putting the spotlight on a fact or on the truth that's exciting to me. Wall Street has to engineer new assets every year to attract investors financial firms create mathematically modified funds with proprietary formulas or quantitative algorithms which manage to beat the stock market in back tests. The industry graveyard tests to the reality that simplicity trumps complexity financially engineered assets often fail to perform as their creators intended or they're ill-equipped to deal with unanticipated events ultimately hedge funds mutual funds and exchange traded funds have to destroy their own creations to save themselves from ruin.
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