Ep. 820: Tell Me Something I Don't Know with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Process Over Outcome
The structure of a classic optimal stopping problem really does describe the types of decisions that we face in everyday life. In fact, many aspects of the financial world are implicitly modeled using optimal stopping under the hood. We should be saying to ourselves, let's just follow a great process and know that we're going to have errors.
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