Ep. 718: Time to Blame the Computers Again with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Case for Blaming Computers
The idea of blaming computers in 2018 is silly because everyone has a computer. All this consternation, all this belly-aking that you hear at moments of chaos are just people who are jealous. And hell, we have no know if the algorithms that are currently being ridiculed by the big finance shows will even work this particular time. It's not about guarantees. You can't guarantee a damn thing. As Clint Eastwood said, if you want to guarantee by a fucking toaster, he didn't say I did. That's the way to think about this stuff.
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