Ep. 277: A Million Words and Justifications with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Fundamental Analysis
A lot of people make a lot of money having a fundamental opinion as to why stocks are at all time highs. "What will all those words count for if the S&P makes another 50% drop? There's been two 50% drops in the last 15 years," he says. 'That is not fundamental analysis by any kind of Warren Buffett, Charlie Munger way' He adds that anyone paid to give a fundamental opinion to predict tomorrow is full of s***.
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