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Ep. 981: Equality v. Equity with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Importance of a Good Process

"There's just no perfect way that things happen in a market economy," he says. "If you have a good process and a good outcome, that's a deserved success." But if you have a bad process and a bad outcome, 'that's deserved failure' That's how investing works: You don't get to control the outcome.

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