Ep. 935: Trends, Psych and Felonies with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Best Plan Is to Profit by the Folly of Others
The best plan is to profit by the folly of others says Pliny the Elder. The game really works by funneling and channeling money from people that are making bad decisions with bad plans to people that have good plans and make good decisions. Those who are willing to endure the pain to get the premium can know other people won't be taking that path but i'm bullish human irrationality from here to forever if we follow that path we will.
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