Ep. 61: Your First Loss Is Your Best Loss with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Imagining the Future
Microsoft could not imagine the opportunity cost of buying Apple. The bygones are bygones principle extends well beyond economics and is often ignored in poker, war or love. At every moment of decision you should be concerned with how benefits from this time forward compare with current and future costs. Know when you are going to get out before you get in.
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