Ep. 552: Mega Eclectic Number Two with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Creating a Narrative
Sally Kohn: It's really interesting how we essentially rise once there's a kind of a perhaps a lucky victory. We rise the winner of the lucky side up to this new pedestal when the reality is it was pretty dang narrow, she says. She argues that investors and traders in particular need to be very aware of outcome bias. "This idea of outcome bias really clouds our ability to assess the quality of our thinking"
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Transcript
