Ep. 758: The Foundation of Good Trading with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Speculation
Speculation in its highest form has shaped the course of history and often changed the map of the world. The most successful speculators can be well described as observers. It is perhaps not surprising that this viewpoint should arouse some distrust and hostility among the general population. And particularly when the speculator profits at a time of general discontent. Yet this detached observation is clearly in the spirit of the natural scientist.
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