Ep. 552: Mega Eclectic Number Two with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Preparing for Volatile Situations
The idea of shocks, rubber band snaps. This is something you think about all the time. You're prepared for it. And as a young man and you saw this happen to other people, you didn't want to risk your career on price shocks. Yeah, that's the truth. Well, we still have occasional bumps in the portfolio that certainly cause some sleepless nights. I mean, not, but look, I mean, the clients have a certain appetite for drawdowns. If you're within the range that you propose and if you can adhere to that, you're in good shape," he says.
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