Ep. 500: Charles Faulkner Special with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
How to Succeed in the Business
The idea that you have to be there to make it is so utterly false in misleading and misguided. I spent a day on a sheet farm with a film crew filming sheep and yes I'm learning stuff about the sheep dogs and how all that behavior behaves. Sheep eyes are very human like okay and expressive but they were panicked and upset that I had interfered with the herd and their desire was not necessarily if I would have been for example. The famous line from John Maynard Keynes is better to fail conventionally than to succeed unconventionally what they call in fund management reputational risk.
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