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Ep. 742: Trend Following Fifth Edition with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Importance of Risk Management

A scene from the movie A Beautiful Mind dramatizes John Nash's most important contribution to game theory. Nash proved in any competitive situation, war, chess, even picking up a date at a bar, there is only one optimal strategy. Ed Dakota lays out a basic risk definition: Risk is the possibility of loss.

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