Ep. 660: The 2018 Michael Covel Interview on Trend Following Radio
Michael Covel's Trend Following
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The Role of Ego in Price Actions
The rational perspective has always been present But we just didn't pick up on it. Academic's most important thing in their Life is to protect their ego. If your entire reputation is built on something That's 99% true but 1% faulty you just keep saying Hey, don't mind the 1% That's not relevant Just stay focused on the 99%. Even if it doesn't make sense to a 10 year old. that's the thing You know when In economics we developed this whole idea of a human As being a rational person And a lot of the models are built on these rational perspectives Yet there are errors and these errors become quite pronounced End times of economic or stock market turmoil Where the rational
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