Ep. 416: Market Timing Confusion with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Optimism in Decision Making
People are not fully rational and they make many choices that if they reflected upon them, they would do differently. The major tendencies to people tend to frame things very narrowly. We keep our money in different mental accounts for which we have different rules. For an entrepreneur, it may be a good thing to be an optimist because it will make him or her persevere more.
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