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Ep. 877: Andrew Lo and Jon Gordon Interviews with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Effect of the Environment on Market Dynamics

I think there's something to the idea that if you can take what the environment gives you, you've got to leg up. I don't know how people would react if all of a sudden the S&P was back at 1999 levels. The sooner we can start modeling those dynamics more explicitly, the sooner we'll have more realistic theories about how markets move. It's during those periods of market trauma where you are reacting emotionally that ultimately end up really hurting the investor.

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