Ep. 718: Time to Blame the Computers Again with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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Why Passive Indexing Is Just Not Where You Should Be
Hedge funds are trying to get out ahead of others who fear those negative results, but just don't know they're going to fear them. This curve, as they call it, overrides whatever you hear about good employment or consumer balance sheets and robust lending. You can go way up 100% and come down 50%. That doesn't make any sense so you need a strategy.
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