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Ep. 705: Howard Marks Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Power of Fear of Missing Out

The fear of missing out is a tremendously powerful influence. People don't want to be on the sidelines if their neighbors are doing so well. The higher prices go, the more jealous people are of the other people who made money from something. At some point, everybody who possibly could buy has bought.

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