Ep. 526: I Will Survive with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
The Importance of Belief
Gutfried: It's so easy to do. You find an isolated example of a little lady in the Seas Candy Company, one of our subsidiaries, getting into the till. What does she say? I never did it before. This is going to ruin my life. Please help me. And you know her children and her friends. She's been around 30 years and standing behind the candy counter with swollen ankles - isn't that glorious a lie? Gutfried: If you're going to catch 10 investments a year, what are the chances that any one of them applying what Sversky and Common called baseline information will be somebody who only did it this once? The people who have done
Play episode from 50:31
Transcript
