Ep. 334: Correlation with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Role of Managed Commodity Financial Futures Accounts in Portfolios
Mike Covell: When you take two different investments that are not correlated and add them together, something special happens. He says Drury Capital and Warren Buffett's Berkshire Hathaway would be both good enough on a standalone basis. Covell: Without combining the two from May 1997 to February 2015, rate of return for Bernard Drury 11.3 percent for Berkshire Hathaway 10.4 percent.
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