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Ep. 512: Tim Price Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Efficient Market Hypothesis

In the last, what, couple years we've seen some of these esteemed committees that want to hand out Nobel prizes split the money in half. And I would probably lay down and say, well, gosh, those guys make a lot of sense back to what you were saying about the 7.5 billion people. The whole and the efficient market hypothesis is, as far as I know, they have no explanation at all for layman brothers for the fall of 08. That just doesn't fit into the model. It's a very old, hoary, and not particularly funny joke.

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