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Ep. 318: Christopher Chabris Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Importance of Intuition

There's been some popular reading out there that the notion of the snap judgments and heuristics don't have to take all the time in. I think this celebration of intuition that you see in books like Blink by Malcolm Gladwell is mostly basically a statistical illusion. Sometimes simple rules outperform complex rules when the complex rules are using a lot of information, which is just noise. The problem is turning it into a general prescription or theory of life and decision-making.

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