Ep. 656: Seduction and Horse Racing with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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Picking Up Girls and the Game of Asymmetric Returns
There is what you'd call an asymmetric distribution of returns. By participating in trading for stocks or picking up girls, you're opening yourself up to asymmetric returns. 95% of men out there play the dating game by betting they will win. But the mind does not take well naturally to asymmetry returns. It doesn't grasp them. And that's why some succeed at picking up lots of different pretty girls.
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