Ep. 488: Never Forget the Lessons with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
How to Deal With the Business Cycle
The belief in miracles kept people from selling what remained of their speculative holdings. The point being if what you have left is all that you have left and the market is going against you, you're done. If you want 1% a month, you've got Bernard Madoff. This is the process versus outcome issue, which is what everything I'm talking about today ultimately comes down to.
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