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Ep. 899: Michael Canic Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Importance of Recognizing Cognitive Biases

Michael Wolraich: We are not the rational actors that economics has built its theories on or that we think ourselves to be. That's okay. Recognize that we have these implicit biases in our judgment, our decision making. But once we recognize the Michael, as you know, then we can take steps to counteract them,. To make progress, one has to be comfortable looking in the mirror and saying, I'm responsible. It's me," he says.

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