Ep. 1177: Two Trend Following Minds with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Relationship Between Trend and Mean Reversion
It's not clear that we could imagine a world where people would follow mean reversion rather than trends. But it seems that humans have such a propensity to follow trends. So there's clearly, we're wired in to extrapolate past trends. Classical economics has no framework through which to understand wild markets.
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