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Ep. 146: Mebane Faber Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Importance of Market Cap Weighting Portfolios

The US is half the world's market cap. So if you're buying global stocks, you're buying half that portfolio in the second most expensive country. Same thing would have happened back in the 80s in Japan. And it doesn't even matter on the weighting, really, but just as long as you break that market cap tie.

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