Ep. 40: Price Is The Only Issue That Matters with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Trend Following
The market's trying to go from A to B, that's it. Trend following momentum drives a stake through the primary tenant of modern financial theory: efficient markets. The intelligent in question should have asked why trend following benefits when everybody else is jumping off a cliff. They can't really ask that question because if they start to go down that line of questioning, what do they do? It opens up Pandora's box.
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Transcript
