Ep. 654: No Real Magic with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
The Importance of Absolute Return Investing
absolute return investing is antithetical to benchmarking, says Henry. Trend following understands trading for absolute returns and not from blind adherence to benchmarks. If you base your trading strategy on benchmark comparisons, it doesn't matter whether you are a talented trader or not because all decisions are about the averages. That's why 80% of mutual funds don't beat averages.
Play episode from 07:17
Transcript
