Ep. 632: The Machines Will Kill Us with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
The Machines Are Killing Us
The DAO has gone straight up. The biggest point drop ever. If that actually caused your pulse to race, you're probably going to have a shitty life. We have volatility in the markets all of a sudden. So what, you think this is new? Is volatility a new concept? It's a new word"? Have you bothered to go back and look in time at other points in time? Or were we at the new, new thing of today is a special case where all the rules have changed. Human behavior is now perfectly rational. Fama wins. Kahneman's out. Did you really believe that? Of course, people do believe that. There must be somebody to blame
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