Ep. 366: The Statistical Mindset with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
How to Deal With Risk
The key message is this. Everyone can learn to deal with risks. In that case, everyone can learn to ask the question, probability of what. And second, if you believe that you're safe by delegating the responsibility of your wealth and health to experts, then you may be disappointed because many experts do not know how to communicate probabilities or try to protect themselves against you as a potential plaintiff. So you have to think yourself. It's worth noting about Gerd Giganrenzer. David Harding supports his academic work. The trend follower, David Harding, who I'm very fond of, has done a fantastic job of leading and pushing for the trend following message. He is a big
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