Ep. 72: Price Is Easy with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
The Problem With Value Investing
The correlation between the Fed's balance sheet and the direction of the S&P 500 was less than 20%. Since 2007, the correlation has swelled more than fourfold to 86%. This is the missing chapter in the classic Graham and Dodd textbook on value investing published 80 years ago. Most people haven't heard of trend following. They've not heard of the traders in my world, the traders that are featured in my books.
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Transcript
