Ep. 782: Going Back to MIT with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Environment in Adaptive Markets
The environment plays a really big role in the stock market, says David Frum. It's something economists have not focused on and that he hopes to change with his new book. He gives an example of investing for stocks in the long run by looking at how investors react when they see their 401k turn into a 201k. "You can't be a long-term investor if you're worried that the short run will kill you first"
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