Ep. 708: One of the Omaha Guys Lays It Out with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Common Mode Failure of Bundle Ward Mortgages
The real question in society right now is whether the risks are really independent and you can determine them or if somehow there's these common mode failures that take down both systems at once. The same people who are trying to ruin the social sciences by taking it into this stream hopeless complexity of of math that won't work are alive and well on Wall Street, he says. "They've done the same thing there they have created things so complicated that nobody can understand them"
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