Michael Covel's Trend Following cover image

Ep. 1078: Bill Dreiss Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

00:00

The Random Nature of Market Prices

There's a bias in the markets that leads mathematically to what we call fat tails. This is an intrinsic characteristic of the market, it's not sort of an exception or something out of the ordinary. The persistence in the markets is what makes any reasonable trendfallering system operational. It basically says that trends persist longer than would be expected if it were a random distribution.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app