Ep. 61: Your First Loss Is Your Best Loss with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Having a Certain Level of Return
"The entire system is predicated on a specific level of return," he says. "We need to have a certain level of return no matter how the market condition is." The only people that really have pensions anymore in America, and maybe even around the world are government employees,. He asks when does the breaking point happen?
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Transcript
