Ep. 58: Dirt Off Your Shoulder with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
How to Be a Successful Speculator
You can apply that type of thinking to other areas beyond looking at, you know, while cutting for oil in California in the 1800s. I mean, as a venture capitalist in Silicon Valley, you have a portfolio in front of you. You maybe you want most of them to break even and then you get the one gusher. The $500,000 investment in Facebook for Peter Thiel. That one turned around pretty good for him. But that kind of mentality. Look at Hollywood. Big film production house. You're going to fund 10 projects. You only need one to pay for the, to pay for them all.
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