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Ep. 965: The Tom Basso Book with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Cost of Perfect Knowledge

Michael Cogel: No one has perfect knowledge, but this is like paying that order with insurance. He says a long trend following system would have captured the entire equity up move in 2009. The ones with the longer timeframe actually bring in more so the natural data and they take away from crisis alpha benefits he says.

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