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Ep. 790: Stop Looking for Efficiency with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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Introduction

Benoit Mandelbrot talks about the efficient markets hypothesis. The theory was developed in 1900 by a French mathematician called Bachel-E. It has had an enormous influence on fear probability, almost called Brownian motion. For 60 years, hardly anybody paid attention to it until computers became available.

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