Ep. 24: Tony Bazile Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
The Financial Times
When do you admit that you're wrong? Right? When, if it's a 20 and you like it, I mean, you like it at 18. We used to joke about this all the time. You know, you lost money or you're sitting in dead weight for a long time. I'd rather be in cash than be sitting in a stock for two or three years. It's just completely dead water. And then maybe if you could forecast it, then when do you forecast the exit? The number one problem is they never tell you when to get out. They stand on there all day long and they say, you know, I like this stock. Things change and things
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