Ep. 608: Ed and Marty Give Clues on Trend Following Radio
Michael Covel's Trend Following
00:00
The Importance of Having a Guarantee Management Fee
Over 20% of what we manage is our own money. And the system that we're offering to the public here is exactly the same thing we're trading for ourselves. The investor never takes risk and builds philosophy or guns, it's already loaded against them. Why should we pile on? I've never had an investor complain about paying me a fee. They're making money when they pay you a fee. That's exactly right. But they aren't happy when they're losing money,. It's a little bit, they feel better about it when they know I'm not making money whenthey're losing money.
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Transcript
