Ep. 62: It Takes Two with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Source of Trend Following Profits
Eric Crittenden from Longboard Capital has a great explanation for the source of trend following profits. For hedgers, they just want to transfer risk, lock in, profits for their firm. You're trying to capture all of this insurance money that's essentially out there for the taking. David Drew: I first posted this white paper on my website about the zero sum nature of markets and exactly what I'm talking about.
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