Ep. 131: Predictions, Dreams, Fantasies with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
The Red Flag of Caution Should Be Waving
"Where in the last hundreds of years of financial markets has there been a situation where markets are predictable or controllable?" he asks. "When you open with that statement, which goes against all orthodoxy of the last Hundreds of years, the red flag of caution should be waving." He continues: "I'm not sure if he's going to start calling dragon kings black swans or not, or he just refused to, from the beginning, say that he's talking about black swans and outliers"
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