Ep. 147: Rolf Dobelli Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
The Importance of Outliers in Value Based Fund Management
This spring I gave a bunch of presentations to funds all across Asia and generally since I was giving more of a quant style presentation more of a statistically driven style of trading a lot of these value based fund managers were they kind of tune out in the beginning except when I would bring up one thing. One black swan one observation is enough to kill your complete previous theory that there are no black swans so it's an unexpected event that completely turns upside down your theory that you've had for many many millennia in Europe but there areno black swans. The idea of a black swan now nesting has written a fabulous book about this and I encourage everybody to to read it and buy it.
Play episode from 18:43
Transcript
