Ep. 931: A Crazy Damn Year with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Fear of Failure
"If we're trying to win then let's be that the next 50 percent drawdown to the s&p which will recover after a few years and go back to new highs again," he says. "How many long-term wealthy multi-billion dollar cta funds with pht research staffs who can do whatever they want to do ... are just sitting there groveling for five or ten percent when you know better?" asks Paul Tudor Jones, co-founder of The Tudor Group.
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