Ep. 1029: Michael Covel Interview on Trend Following Radio
Michael Covel's Trend Following
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Do You Ever Think About 50 % of Your Net Worth Just Going Away?
Kan: You can't look away from those extremes of fundamentals that are worrying people like husband and grantham. Kan: If you don't have an exit point, an uncle point, in an environment like this, are you ok losing 50 % of your net worth? And we've had them. The nasdak bottomed out at minus 77 % in the fall of o two. Now, kan, the vast majority of americans, after a 13 year run bull can they accept minus 77 % as a possibility? Even i don't think so.
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