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Ep. 512: Tim Price Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Importance of Starting Valuation

The most important characteristic of whatever you elect to buy is the starting valuation. As long as you buy it at a price that's consciously not elevated, then the chances are you'll do really well - or at least won't be a disaster. I have been unable to locate and identify things that work on a sustained basis other than value,. particularly seen in the context of the listed stock market. Outside those two things, I think it's punting with gambling.

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