Ep. 759: Tomas Chamorro-Premuzic Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Learning From Mistakes
The real issue is not that we're not going to have mistakes. There's always uncertainty. The real issue becomes what is your process? You're laying out that hold on. Let's think through about what the process is because now if I play devil's advocate to my original proposition to you, well, hey, hold on, the dows at all time highs. Now let's look at and analyze the leaders and see perhaps how much better we could be if we were actually in a different process. Exactly. In science, we always say the ultimate goal is not to be right or to find or hit a level of ultimate truth, but to find better ways of being wrong"
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