Michael Covel's Trend Following cover image

Ep. 405: Didier Sornette Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

00:00

The Importance of a Full Spectrum of Possible Outcomes

Policy makers' expectations are based on models processes that often don't contain the full spectrum of possible outcomes. The world is continuously impacted by surprise it could be purely exogenous like if you could you know a bigger earthquake and big tsunami in packing Japan like in March 2011. It's not so easy actually to to treat and it's very difficult, but we need to progressively energize and work on either the world is out of equilibrium or there's a new regime being set up for all times.

Play episode from 25:52
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app