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Ep. 1200: Larry Hite Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Asymmetrical Leverage
I came up with the whole concept of asymmetrical leverage because we had done something with the guaranteed funding. I made money doing this because I put myself consciously in places that I could get a reasonable bet with a large upside. In the words that Ricardo uses, if someone offers you an option, take it. It goes against you, leave quickly. It goes for you. Stay there.
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