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Ep. 419: Mebane Faber Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Human Downside to Sticking With a Strategy

There's reams of academic data that shows that people are their own worst enemy and underperforms somewhere between, let's call it, but I'm not one to three or four percentage points a year by buying at the wrong times. A lot of my institutional friends think that they're better at this than the individuals and the people running the big endowments or the big pension funds and money managers. If you go and chase the best performing allocation every five or ten years, which is what most people do, thinks of emerging markets and commodities today.

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