Ep. 1026: Richard Brennan Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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Why Do People Choose a Faulty Prediction Path?
Why do governments not have any baisye in thinking at all? I think it's a human condition, like it's how we use our brain. Everyone loves prediction, because that's the way our brains think. But the reality is the system has ta last laugh, and they don't necessarily like the term prediction. No one's going to appoint a politician on the basis of his uncertainty. The regulators are going to stand there and say exactly what they do. It's based on knowledge that you don't have, but we have. We're looking after you. And so that whole premise is sort of like a self fulfilling prophecy.
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