Ep. 532: No Systematic Fear with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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Quantitative Stock Picking
Being a quant manager is more like running a casino than anything else. We are about 400 companies of a similar type with similar characteristics on average beating the opposite. You don't want one blackjack table with someone showing up saying, I want to play $10 million a hand. If he plays right, you have a 51% edge and can go bankrupt pretty easily.
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Transcript
