Ep. 883: Two Great Traders with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Nature of Trend Following
When I had you and Larry on in the spring, we were right in the middle of the weekly parade of 26-year-old financial times reporters writing about Trend Following is dead. And then something funny happened along the way to the parade this summer: All of a sudden you and your peers have started to make quite a bit of Trend Following money. This is not some voodoo sort of arbitrage strategy that extracts something from somewhere that's not understood where it could just easily end. The only way you can permanently kill a Trend Following strategy is to declare all markets to go sideways forever or to declare no market will ever move significantly away from some sort of equilibrium.
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Transcript
