Ep. 897: Trends, Value and Selling with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Consistency of Psychology in the Investment Environment
The stock market appreciates returns about 10 percent a year which it does on average over now. Sometimes 20 sometimes 0 and sometimes 30 and sometimes minus 10 in fact if you look at the history there are very few years in which the return on the s&p 500 is between 8 and 12. When the economy is doing well when the news reports are good people get excited, he says. The converse to feel worse about a company the lower the stock price goes Warrant buffet who who nails a lot of this stuff says i like hamburgers and when hamburgers go on sale i eat more hamburgers.
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