Ep. 887: A Trend Following Firehose with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Psychometric Qualities of CEOs
The inner play of that plus luck, I think, goes a long way to explain the kind of psychometric qualities of CEOs. These people that are taking a lot of risk with enough luck will rise to the top and be the CEO. The person that's risk averse never takes that extra bit of risk, never experiences the good luck and is stuck in the middle of the firm. This explains why the CEOs happen to be very tolerant of risk.
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