Ep. 366: The Statistical Mindset with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
How to Improve the File Clerk
You're keeping the total running, see? So the next time when you take another card that has a number on it, you take the new total that you just cooked up from before. There was no trouble last time, you had to add zero, but this time it's getting harder. You add it on and put the sum back on the total card. That's what the file clerk might do in that situation. And now we're going to try to improve the filing system, to improve it. A fairly intelligent file clerk can multiply and add and so on, read, cards, get instructions from the boss and remember what they are,. actually, and know how to do all these
Play episode from 18:48
Transcript
