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Ep. 887: A Trend Following Firehose with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Reverse Survivor's Bias

There is a reverse type of bias, and that is that some very skilled investment managers drop out because they've had bad luck. That's kind of a reverse survivorship bias. But this is pretty important that this idea doesn't just apply to investment managers. CEOs are hugely more tolerant of risk than the lay population.

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