Ep. 401: Ben Carlson Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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How to Have Confidence in Your Investment Process
If you want to have a successful investment process you basically have to be taking advantage of someone else's mistakes and so I think understanding that behavior of other investors in the market is one of the big reasons why you can really have some confidence. People just don't give it the time to work or they don't have the discipline or maybe they don't understand exactly why it works. So the only the only way condiments work could ever be invalidated would be if everyone willingly got themselves into some type of a system. One of the best bets that I could see going forward in the next hundred years would to be bet on on the work of thinking fast and thinking slow.
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