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Ep. 405: Didier Sornette Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Importance of Risk Management

Risk management is often reduced to a simple heuristic of how much am I willing to lose. There's not one single merge of risks there are many that infincially many and they are essentially scanning the full spectrum of what we call a risk preference or risk aversion which is very heterogeneous in human population. If you don't agree with my social bubble like policies and the risk taking that you need to take, you won't be able to explore this huge universe of innovation and discoveries if you aren't going to read advanced science then you're not going to advance knowledge.

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