Ep. 977: Trend Following Kick Ass Reminder with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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Warren Buffett's Sharp Ratio
We looked at both the performance in the sense of just the Berkshire Hathaway stuff. It turns out he has had a tremendously high return, but he has also had quite significant risk. He likes to buy stable, profitable, high quality companies at a reasonable price. Those types of stocks have done well in general. The strategy that looks very much like his performance explains almost all his alpha.
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