Ep. 405: Didier Sornette Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
The Unknowable Unknown
Many people my audience are going to be familiar with the concept of a black swan these unknowable unpredictable events that hit us. I think that this black swan concept is wrong and let me be blunt wrong dangerous and irresponsible because essentially it like Ponspilat you know with Jesus well you can wash your hands and say it's not my thoughts there's no responsibility It came out of the blue it's a crisis that is a surprise should not happen it's an exogenous event while all the research that our group and others have done point more and more to the evidence that as I said before crisis catastrophes do not come as a surprise if you know how to look to the
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