Ep. 369: Market Predictability with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
The Defects of Our Natural Investment Psychology
We have followed this pattern in every major bubble, starting with Queen mania in the Roman Empire. We may have learned something in the short run, but we'll collectively forget it within 20 years. Tulip mania is my favorite example because it's just so zany,. The defining features of tulip mania are identical to the features of every market boom and bust up to the latest tech phenomenon.
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