Ep. 542: Trading Psych Mega Episode with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Myers-Briggs and the Foyer Effect
The Foyer effect is sometimes referred to as the Barnum effect as in PT Barnum. It's an effect that's used by astrologists and psychics where if you give anybody sort of vague information about themselves, they will generally tend to agree with it. And that's what generally, for the most part, that's what the Myers-Briggs does. The results are consistent not only weeks, but over years and decades and throughout a lifetime that the results stay the same.
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