Ep. 678: A Peaceful Easy Feeling with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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Why Trend Following Does So Well When the Black Swans Hit
Tom Zoellner: Black swan is an outlier event of major consequence probably that has never happened before. He says trend following by its very math is saying, let your profits run as far as they want to run and cut your losses short when they don't go your way. To really make money, he says, you need those kind of real outlier events that really drive a Japanese young position.
Play episode from 03:14:19
Transcript
