Ep. 977: Trend Following Kick Ass Reminder with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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How to Avoid Fireing a Skilled Manager
I would much prefer, as I said earlier, take a look at the track record, you're comfortable with it, fine. And what I actually recommend that investors do and the investment managers is to educate the client as to what could happen. So one way of doing that is really simple. Let's say I've got a 20-year track record. What I can do is to create with the real data from those 20 years an alternative history by kind of randomly sampling years and put them together. Then it gives you a way to look at what things could look like given the track record.
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