Ep. 620: 2018 Will Be Great with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
The Importance of Risk
I was looking over a talk by one of the senior risk people for one of the largest firms in the world giving a presentation internally I was given a past as look at this and he admitted in the talk that they don't know what risk is anymore. This is like trying to figure out what is it so first of all, you can put a label on something that's again that magic of the mind it creates a certainty well risk must be a thing. Larry Haydn's great explanation of risk was what can you control the only thing you can control is how much you can lose and that's real riskSo I just let you run with it I knew you've got some different views on
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