Ep. 977: Trend Following Kick Ass Reminder with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Magic of 5% Disdiscretion
It was almost like this mysterious thing like we're 95% systematic, but there's this magical 5% discretion, which is the reason you're giving us money. And I always used to think about this doesn't make any sense. Now, I think probably because you and other peers, associates, et cetera, have gone the opposite direction and said, hey, hold on, I don't think you could probably get away today saying in the trend following space, we're 95 per cent systematic.
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