Ep. 542: Trading Psych Mega Episode with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The End of Civilization
Gird: I don't see anything that causes me from a logic standpoint to go, my gosh, that's the end of civilization what Gird just said. It just seems very in many ways, common sense plausible. The strong form of efficient market theorists would say, look, you're just going to get some winners in a system that big. There's nothing special about these folks. But I think where that break down is certain types of investing have consistently outperformed specifically value and momentum strategies.
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