Ep. 364: Simplicity Trumps Complexity with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Point of Shooting for Average
There is no guarantee that if you take a buy and hold position in US stocks 25 years from now, it's going to be higher. Warren Buffett knows he will lose 50 percent of his capital at some point in time because he's trying to get rich. Some people out there want above average. They want to shoot for something more in life. The Japanese stock market investing public has been shit out of luck for 25 years.
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