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Ep. 534: The Swan Problem with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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Introduction

Black Swan Theory is a metaphor that describes an event that comes as a surprise and has a major effect. It was developed by Nissim Talib to explain the disproportionate role of rare events in history, science, finance, and technology. The term is based on an ancient saying which presumed black swans did not exist.

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