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Ep. 219: Carl Richards Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Importance of Diversification

I think the one thing that we underestimate is the pain of losing money. It's a genetic thing for us to forget pain pretty quickly. And when we go through it, we really, really don't like it. So if I say, all right, if I win, you have to give me a dollar. If you win, I have to give you a dollar and five cents. Most people won't take that bet.

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