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Ep. 515: Epic Trend Following Episode with Michael Covel

Michael Covel's Trend Following

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The Importance of Trends in Financial Markets

It's very hard to evoke some kind of risk premium that would be associated with trans-following. So it has to mean that markets are not that efficient. There's a lot of other clear discrepancies between the key reason and reality, but I think this one is very genuine in tier 1,.

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