Ep. 608: Ed and Marty Give Clues on Trend Following Radio
Michael Covel's Trend Following
00:00
The Pressure to Stick to a Diversified Portfolio
The company I was with marketed it for a while. And we had a diversified portfolio and it was all run on computer by a service bureau, at a service bureau. The problem with the system was it worked and it made money for the clients. It made far less money for the brokerage house because they were used to people coming in and lasting a few months and then losing their money before moving on. So you had lots of pressures against following systems in those days. But there aren't a whole lot of robots that got money these days, maybe someday. But right now you've got human beings with human feelings. And unless you include that into your system design, the things going to
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