Ep. 989: Four Trend Players with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Price
We don't have the foggiest notion how to measure any risk, unless in price. And we take the view that if you can't measure it you can't manage it. So if you were to trade the real or I don't know the peso or the South African round or not well now there is another thing other than price. There's politics, there's all sorts of things. Now we don't have a good idea what political risk looks like and so we're looking at different currencies. If one day the powers that be in Europe decided that the euro needed to go back to what it was before the euro would give more opportunities? That would make business even more interesting
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