Ep. 1081: Wise Trading Voices with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Cognitive Psychology in Business
A big chunk of the resistance is social in nature, meaning that our industry is full of risk-averse people. Stocks are totally acceptable to put up to 60%, 70% of people's money in stocks. Bonds get a free pass. They can be uncorrelated with stocks all day, every day or they can become correlated. But man, people got some real psychological hang ups with it, don't they?
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