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Ep. 328: Robert Seawright Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Powers That Be Don't Care

There's a tremendous amount of money in selling silliness, as you'd say. Nissim Taleb who wrote The Black Swan and Fooled by Randomness tells a story about a trader who listens to a firm economist and made a trade,. A big trade and it performed badly and he got fired. And the trader said to his boss, what are you firing me for? I was simply trading on the economist's idea. His boss said, I'm not firing you for losing money. I'm firing you for listening to the economist. It's all so true. There's a huge amount of silliness in our industry. We have since gotten a lot better at predicting weather in

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