Ep. 897: Trends, Value and Selling with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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How to Identify a Bad Investment Manager in Commodity Markets
A lot of investment managers that are often long only positions in commodity futures and some of them present all kind of semi-academic stories behind why being long would give you a risk premium. The best way to recognize a bad investment manager in commodity markets is someone that refers to canes, he says. "There's a risk premium normally being paid by the ones that are long and not by the ones who are so"
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