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Ep. 371: Alexander Ineichen Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Illusionary Correlation of Expert Failure

Experts can not only analyze information incorrectly, they can find relationships that are not there. Expert failure is a very interesting phenomena and it has many causes. In finance, finance is part of economics and economics is a social sign and a science that has to do with people. But as a scientist, you have an incentive to come up with a model. So you abstract and then you hope your, your model isvery close to the, to the real world. Quite often it isn't and it, the model might fail in something quite trivial.

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