Ep. 816: A Trading Primer with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Understanding Your Client's Utility Function
I think it is important to understand what your client's utility function is. What are they looking for? What do they expect from an investment? And that sort of informs the way that you explain things to them. We as an industry are managing money for people, and we have the obligation to tell them what it is we're doing with it. Well, that's inspirational. I would love you to expand on the idea.
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