Ep. 604: Mega Decision-Making Episode with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
The Uncertainty of Forecasting
There are certain uncertainties that we can quantify, and there are a lot of uncertainties that we cannot quantify. Talib calls the black swans: things which haven't happened before but can also happen. The financial crash from the Sumprine was something that nobody could have predicted, but it happened,. It almost destroyed the whole financial system. There are many other types of uncertainties we cannot predict.
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Transcript
