Ep. 742: Trend Following Fifth Edition with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Paradox of Risk
Trend Following is a precarious balance between risk and reward. Successful people understand that risk, properly conceived, is often highly productive rather than something to avoid. To proceed in the face of risk, begin by accepting markets do not reward stupidity or ignorance in the long run. They reward brains, guts, and determination to find opportunity where others have overlooked. Putting capital to work in the hopes of making it grow is the goal.
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Transcript
