Ep. 369: Market Predictability with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
The Problem With Never Thinking About the Long Run
David Frum: We have an obsession with predicting what the market is going to do. He says we can't know, but that doesn't mean it's the best path for you to take. The crisis of 2008 was not just a crisis about finance or technology, he says; it was also a crisis about short run thinking. "I think I've always been somewhat of a classical liberal," Frum says.
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