Ep. 514: Epic Behavioral Episode with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Scaling Up Your Trading Strategies
The only way bubbles really end is with crashes. I think there's no way we'll ever have enough control over that process to be able to manage the deflation, like landing a space shuttle. If you induce these kind of crashes, people who are buying at the peak will be mad and disappointed. But so you have to pick your piece, whether it's as a politician or so forth about what that means. And in practice, here's the scaling up finally, in practice it might be that Fed Chair Yellen or somebody who people believe says, you know, I think stocks may be overvalued and we probably are pricing in crash risks efficiently. It may be that that's enough to
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