Ep. 742: Trend Following Fifth Edition with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Money Management
Many hedge fund methodologies make risk management a separate endeavor. In trend following, it is part of the internal logic of the investment process. Obsessing about when to buy or sell keeps your limited time focused on things you can't control. By definition, we never get in at the beginning of a trend or get out at the top.
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Transcript
