Ep. 598: Trading Legends Epic Episode on Trend Following Radio
Michael Covel's Trend Following
00:00
The Importance of Consistent, Positive Performance
Bernard Madoff's Ponzi scheme was predicated on just delivering 1% each month. He used the Sharpe ratio, which rewards people who make that 1% – half a percent a month, percent and half a month consistently. "I think it's fraud quite frankly," says Michael Bociurkiw of Wall Street traders' obsession with performance numbers.
Play episode from 01:38:21
Transcript
