Ep. 919: Jump into Trend Following with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Uncertain Landscape of Investing
I just read the most recent Howard Marks, memo guy like Howard. It's just making a case for there couldn't be any more of an uncertain time than right now. I run an institutional money management firm inside the Munich Reegroup. This is regulated like to the T by Baffen here in Germany. You are up to five, six, seven people just as kind of like staff to run the operation. They're all on the payroll and they don't come for cheap. Then you need to go out and raise assets in an environment where fees are compressing. Nobody's getting two in 24 trend following.
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