Ep. 750: Eclectic Mega Episode with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Problem With Long Term Capital Management
Samuelson was very skeptical of the idea that anyone could beat the market but he invested in Berkshire Hathaway and obviously did quite well from that so you know it fits in with what I have heard. Bruce Covender, Ed Secoda, Paul Tudor Jones, Louis Bacon all traders that went for that finding the edge and then having a Kelly style betting whether it was half or not. John Merriweather formerly of Solomon Brothers he was a Martin Gale better why don't you go ahead and define it for the audience Martin Gale versus Kelly because I think it'll be a good contrast. Well in the extreme form a martin dale simply means you when you lose you double your bet
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Transcript
