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Ep. 393: Emil van Essen Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Importance of Long-Only Commodities

Theory was that when stocks get hammered and bonds get hammered, commodities will do well. The theory behind long-only commodities is that it's a diversifying tool. But over years, equities and bonds have become more and more correlated. So then people go, oh, okay, we'll actively manage the long-only that we need a manager to pay fees.

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