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Ep. 29: Mike Dever Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Risk of Taking a Risk

The problem is people aren't viewing risk by what they need to achieve return-wise, the view in it by whether they're going to have a loss of below zero. You've got to look at it is, if I need 7%, how do I make 7%? Putting it a 10-year is the riskiest trade you can make. It's less risky because you have a higher probability of achieving your target return than you do going into something that's guaranteed to give you one and a half percent.

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