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Ep. 409: Tom Sterner Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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How to Deal With an Engine Quit

In economics terms, if you talk about the foul line, the two shots, this is a sunk cost. If you have a sunk cost, it's gone. But in a panic mode and having all this judgment doesn't help the situation. It makes the experience worse. As humans, we function at our highest level. The way that we accomplish the most with the least amount of effort and the lowest amount of time isn't without struggle.

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