Ep. 1077: Inspiration from Three Bright Minds with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Systematizing Your Investment Process
A lot of people focus on systematizing the models and then the portfolio construction and the risk management piece, they leave to discretion. You know what's really interesting? You talk about that notion of 95% systematic and some portion of discretion. That was a very common marketing line in the disclosure documents of trend following CTA's for a long, long time. I don't think you could probably get away today saying in the quote, trend following space, we're 95% systematic.
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