Ep. 654: No Real Magic with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
The Importance of Understanding Your Vomitility Threshold
If you can get beyond the volatility as the devil propaganda, it's easy to see how you can benefit from volatility. All the charts and ratios in the world mean nothing when you break down, vomit, or cry due to the volatility in your portfolio. Understanding your threshold is important for it is at this point that you lose all confidence and throw in the towel. The market has bought what actually is quite a complicated story. In our early years, we were impeded by the terrific performance of.com stocks. Later, people became very attracted to certain types of hedge funds,. which produced very smooth and steady returns.
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