Ep. 941: Trend Following Perspectives with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Estimates in Investment Management
Markowitz: In practice of management, there is uncertainty. He says investors should educate the client as to what could happen. If you have a 20-year track record, create an alternative history by randomly sampling years and then keep on doing that,. Then it gives you a way to look at what things could look like given the track record.
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