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Ep. 887: A Trend Following Firehose with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Effects of Survivorship Bias on Trading Strategies

A lot of this has to do with regression to the mean and luck. Jim Simons at Renaissance Technologies, he's had math formulas named after him. He will come out loudly, clearly, always say, hey, I'm a very lucky guy. There's clearly a piece of luck at play.

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