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Ep. 555: Denise Shull Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Efficient Market Hypothesis

I find Mandelbrod a fascinating guy and I'm kind of late to the party on him too. He was one of the first to be saying, you know, this efficient market hypothesis might have some holes in it. You know, that's a big thing at the University of Chicago. The efficient markets, crowd versus behavioral finance crowd. That's with Dick Thaler and whatnot. For me, I look at it and I say, hold on. How the efficient market hypothesis theory, when they attempt to explain October of 2008, it just falls down.

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