Ep. 532: No Systematic Fear with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
How to Be an Objective and Disciplined Quantitative Investor
Value investing has worked not because cheap companies are generally much better than expensive. It has worked because they get a little too cheap. Playing a bad company can be a good idea if the price is too low. Selling or shorting a great company can be an excellent idea if it's too high. A lot of investors get caught up in the hype, and this is part of why things like value investing work.
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