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Ep. 252: Ben Hunt Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Importance of Uncertainty in Investment

CNN's John Avlon says he thinks models have no more predictive power during periods of risk as opposed to uncertainty. In game theory, a decision under risk is a decision where you have a rough sense of what the potential outcomes of the decision might be. But decisions under uncertainty are where you really are not sure what the possible outcomes are. The days of a more mechanistic approach, I think, will probably come back but they always wax and wane.

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