Ep. 570: Snowflakes Suck with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Fundamentals in Stock Prices
Mike Covell: I just think it's damn cool to be reading an article from 1959 that's talking about trend following the exact way that I would write about it today. The biggest factor in stock prices is the lure of future earnings, he says. "The dream of the future is what excites people not the reality and There he sums up so nicely" 'I'm a capitalist through and through if they have some description beyond capitalism about making money'
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