Ep. 696: The Data Always Beats the Doctor with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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How to Adjust to the New Data
The data was not given to us so easily. But now the data is there and everyone should adjust accordingly. Now think about our guy here with Bitcoin. He went from 120,000 to 500,000 and then basically lost it all because he didn't like the new data. That's arrogant. It doesn't change. Look at trend following trading. You can go find a study from AQR with trend following performance going back 100 years. Or you can continue, I'm not trying to stop you again.
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