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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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Are You Prepared for the Next Big Event?

I have a saying that we're always one missile launch away from a massive bear market. Unless you can predict when that's going to happen, then you really don't have anything. I was thinking about you the other day because I was having a debate with one of my co-workers and we were talking about how in 1998, no one was prepared for long-term capital management. But there's no shortage of hundreds of thousands of man hours and hundreds of millions of dollars spent on research of people trying to prepare for these things. And yet no one ever seems to really be prepared.

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