Michael Covel's Trend Following cover image

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

Michael Covel's Trend Following

00:00

The Importance of Luck in Investment Management

Investors don't do a very good job of trying to weigh the balance of luck and skill, he says. "We look at these investment manager stars and think that they've got a huge amount of skill" He adds: "You have a couple of years of bad luck," which investors often ignore.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app