Ep. 752: The Alternative Thinking Universities Shun with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Accepting Price Action
If the price is at 100, whatever market it doesn't fucking matter. The only thing that we can know right now in my little example is market XYZ is at 100 and that's true. That is the closest thing we have to truth. Can you believe that? Is that price action a simple heuristic for truth? Of course it is. Now does that mean it's optimal? That's up for debate. I guess somebody else could have a different opinion. But I bet you what? Warren Buffett also believes in the price too. He could have all of his best laid plans, but at some stage of the game the price is what matters. And if the momentum is going
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