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Ep. 186: Mikael Stenbom Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Politics of Smart Money

I define smart money as investors that are characterized by very short organizational distance between the actual owner of the capital and the decision-maker. Smart money is money where typically they have to be a sound a bit like academic, but they have very simple utility functions. My task is to maximize risk-adjusted return for the guy or the woman or whatever who owns the money. Why do that? To the best of my abilities.

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