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Ep. 1160: Eric Crittenden Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Importance of Studying Failure

I've learned more by studying failure, probably by 10 or 20 to one ratio than I ever learned from studying success. Survival is such an interesting idea. People don't think about it as much because a lot of people are fortunate enough to have a roof over their heads in the modern world. The real valuable information is in studying failure and learning vicariously through the experiences of others. There's no shame in that the shame is in staying wrong.

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