Ep. 515: Epic Trend Following Episode with Michael Covel
Michael Covel's Trend Following
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The Importance of Simulation in Economics
Even without data you can do simulations. And implement whatever rule of thumb or feature of the world that you think should be there and then just run the simulation and see what happens. Mark Bookinan in an article, Opel, I think it was in the New York Times, says computer simulation represents a kind of telescope for the mind. With simulations we can discover relationships that the unaided human mind would never grasp.
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Transcript
