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Ep. 1026: Richard Brennan Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Path Dependency of Outlies

The average mind wants this consistency dream that doesn't exist. Path dependency really matters. And when i look at the track record of the trend followers and i see the path that their equity curves take, you see the impact of outlies in their history. Because these outlies are a manifestation of non random, serially correlated events That really arei altering that transitional events.

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