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Ep. 790: Stop Looking for Efficiency with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Bachel-E Theory of Markets

The Bachel-E theory posits markets work in an extremely simple fashion. It posits that, in a certain sense, price goes up or down by tosoy coin. If you buy when the price is high, well, if you buy on prices low, you gain. But it's a model of a simplicity which has, in acertain sense, no parameters.

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