Ep. 500: Charles Faulkner Special with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of a Good Track Record
If you ever see a trader that has a track record where they make one or two percent every month and this goes on for decades, I say there you've either got long term capital management on your hands. Or you have Bernie Madoff who constructed, you know, fake constructed 1 or 2 percent a month. Getting our feelings and our estimates and the reality all to be one is very, very difficult and impossible. It's just that when you're dealing with risk and you're deals with all the uncertainty, trying,. I think the natural human reaction is, oh wow, that track record is one to two percent a month; That's great.
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