Ep. 406: Larry Hite Views Outlined with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Perfect Knowledge
Larry Heit was never very good in school and not much of an athlete, but he turned that to his advantage because he was able to grasp the idea that he could be wrong. With perfect knowledge of what the prices would be on December 31 of any given year, how much leverage could you use to get maximum advantage at the beginning of that same year? That's an interesting question to ponder.
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