Ep. 380: Lessons from Ken Tropin with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Uncertainty of Knowledge
If you don't like the idea of trend following trading, you don't believe in it. Are there multiple players doing what you're doing? Or are you all alone? Bringing it back to an aspect of the gram capital, Ken Trope in research, the zero sum nature of markets. Individuals can realize their paper wealth by selling now to some other investor and receiving cash in return. But only a small proportion of investors can actually convert current paper wealth into cash without disrupting the bubble.
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