Ep. 1026: Richard Brennan Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Real Game Changer in Delivering Returns in the Long Term
If you have the wrong kind of model, you're not going to benefit. The constraints applied by the model is key because the market itself holds the opportunity. In two thousand and eight when we found that the markets actually were all correlated, all started going in the same direction together, trend followrs with their systems happened to be in that right direction. We doubled our returns a hundred % in two thousand and 8 this wasn't the small hat we used to to day of one % up, one % down. This was a doubling associated with a non linear market feature. But our systems were the things that extracted that edge from that market. When i look at what trend following models do,
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