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Ep. 1200: Larry Hite Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
The Importance of Investing in a Machine
We're in the age of bank stocks going to zero, he says. "It's back to Ed Sakota's famous line about everybody gets what they want" If somebody doesn't have a stop and they're taking the pain, it's kind of like some pseudo masochistic thing,. They enjoy it. And you can keep score. It's like baseball. But I have not seen people, but if you keep your bets, there's a lot of that. You do very well.
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