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Ep. 586: Jason Calacanis Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Importance of No Risk, No Reward

In the book, you talk about going from 2 million to 1.9 million in a matter of years. You've got like trillions, trillions, stocks, bonds, real estate, and essentially as you describe it, dead money. The other side is, and you've got it as a subtitle in your work, no risk, no reward. I mean, if you don't risk it, there is not going to be a reward. Look at it as a 10 year journey where you put one to 10% of your net worth into it.

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