Ep. 1099: The Invincible Company and Dark Data with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
The Corona Virus Example Is a Nice One
The corona virus example is a nice one, because it's riddled with different kinds of dark data. There's dark dataner about who has actually been infected. Perhaps those with mild infections never came forward. And so this leaves a lot of uncertainty. Unless you can build that into your model, make your model allow for that, then you're going to underestimate the variability. You can end up with the sorts of catastrophes which people in inverted commas didn't see coming,. as in two thousand and eight.
Transcript
Play full episode
