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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 Portfolio Diversification

The equivalent in poker would be you lose seven, eight, nine hands out of 10 and one or two hands you make a modest profit on. But that's the unique nature of this enterprise is that there's this massive implied odds. You've got to cast this wide net knowing you're going to have a lot of losers.

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