Ep. 782: Going Back to MIT with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
Adaptive Markets: A Case Study
When you showed your colleagues the results, before even presenting it in a conference setting, our colleagues thought that we had made an error and they just didn't buy it. So that's what prompted us to go back and redo our calculations. And then when we presented it at this conference with a number of their peers, they also didn't believe it, we were really kind of taken aback. We never expected to be part of that controversy. Over time, it became clear that we hadn't made a programming error and the data really did show that the random walk wasn't consistent with market data. But it took a while to get there.
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