Ep. 320: Mike Shell Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Mathematics of Loss
In 2007 to 2009, so it was October 2007 to March of 2009. It's been very volatile though. Let's not forget the volatility. The fact that the range was very, very dramatic, those first two or three years. To think that you would have just bought the stock market back then, I appreciate the people that can do that. That can handle that volatility. But most people can't. And so now, if we go into another period where it declines 40 or 50%, they're going to lose those gains. So it's not the blind hole thing while I appreciate them doing what they do because we need them to do what they do. It's just not for me
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