Ep. 758: The Foundation of Good Trading with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
How to Find the Commissions by Multiplication
"We have to have a fairly intelligent file clerk, a file clerk that can multiply and add and so on," he says. "He has to know how to where to go to run up and down and pick the cards out of the boxes." A new filing clerk is hired who doesn't know how to do multiplication but does it five times faster than his predecessor. He's better at picking up cards because he knows what they're supposed to look for - in this case card number 78. But if there are problems with multiplying or adding, 'he might be two times faster as he's slowed up in the process of multiplication' The system requires no memorization; every damn thing is supposed
Play episode from 01:14:17
Transcript
