Ep. 961: Alexander Elder Rewind with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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Robustness Is a Blind Spot for Many People
I'm always struck that smart people get this idea in their head of, okay, an indicator says to do this at level this. But the idea that they think it breaks and falls apart if it's not at that one precise point is such a blind spot for a lot of people. Good systems are a bust, good messes are a bust. If you only create a perfect system, the market will open up and start trading money on you. It's a delusion. It comes from weakness. You can drive Mercedes Benz or you can drive some 15 year old Buick; as long as you know how to drive, you will drive them all about. Why? Because of your personal
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