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Ep. 629: Annie Duke Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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How to Be a Good Belief Updater

Lonnie Anderson: This all starts with the belief. Then you make the bet, then you get your set of outcomes. We have this set of beliefs that we form and we'll get into this maybe after this anecdote. But these beliefs can be pretty bad. And if your beliefs are bad, you're going to make some pretty bad bets around them. The Turkey episode on WKRP in Cincinnati was a really funny show about a tiny radio station.

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