Ep. 772: Wake Up and Think with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
The Problem With Probability
The key to a computer scientist is what's called the explore, exploit trade-off. This gives us a formal framework for thinking about what are otherwise kind of apples and oranges types of comparisons. Probability is really the success foundation of so many businesses today. You don't know which machines pay off at which rates until you start playing them.
Play episode from 16:38
Transcript
