Ep. 170: Bastardization of Trend Following with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Black Box of Trading
The biggest hedge fund in the world, I believe is Ray Dalio at Bridgewater. He says he trades a 100% systematic portfolio. The black box has nothing more than an automated computer program to allow rules that human beings create and to code them for trading. So Wall Street selling products, whether it's quote, managed futures or these, all these other products, it's completely normal.
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