Ep. 735: Aaron Dignan Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Consequences of Quarterly Thinking
The quarterly thinking is really interesting to me because I can look at some of our great companies, especially the tech companies that have got all the news and headlines rightfully so over the last 20 years. But now, and this is not necessarily a mean criticism, but as a longtime apple guy, for example, you know, it's not like the exciting period anymore where they were giving me something that I had never seen before. What's so interesting to me about the quarterly obsession is that we've created a public market that is effectively driven by forces that we either don't understand or don't really value. So if you roll the clock back to say the mid 1960s, the average holding period
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