How Does Trend Following Play Out in Actual Behavior?

We can live in a binary world, which i think we do. We're probably less binary now, because most people would agree that we're having a global slowdown. The issue is, what's the length and depth of so sowan? overtime, that level of binariness actually dissipates. Most investors are not worried about losses as much as they're worried about regret. And this even applies to central banks who may be gradualist. I don't have to be the smartest person in the room. I just have to follow the smart people in the room and be a close follower. That's what tren following is doing.

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