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Ep. 840: Dan Ferris Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Importance of Paying for Assets

The more you pay for a given asset, the less return you're going to get out of it. When valuation hits an extreme like it's at lately, that's when you want to be careful. The whole factor in Asia is much greater. I wish we had more of that here. That doesn't mean stocks aren't going to go up. It just means they're not going to find good deals.

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