Ep. 790: Stop Looking for Efficiency with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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Bachelet's Miracle of Miracles
Bachelet did not mention any experiments. Rumor is that he had done some experiments, but they are not reported. One does not know his motivation very well. Why do you think he appealed to this generation of financial economists who came along in the 1950s and 1960s? The reason was that the computer came. Many things could be actually done, tested. Data became available. There was a thirst for existing theories that might help. Here, Miracle of Miracles, in 1900, a complete theory was discovered, rediscovered in libraries. It answered questions with people asking themselves.
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