Ep. 500: Charles Faulkner Special with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Experience in Trading
I thought school today had become a side show for consuming large quantities of beer or preparing for the reality show that you will soon star on. People who have an experience bias that is that they use their money to buy experiences will tend to be better traders and happier people than people who want to acquire things. What difference does that make well for example if I was to say to you name some different currencies you probably you mentioned the euro and the dollar and the yen and stuff like that but then again what about gold currency bonds could bonds be a form of currency. What about emotional currency was reading blue Howard Marks was talking about that one had to take account not only of what it cost to be in
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