Ep. 1093: Think Wide with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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Preparing for a Black Swan
The seman has given different definitions of the black swan. The one i like best is a low probability, high impact event that happened because it was unexpected. Things are still going to happen because they are unexpected and there's just no way around thaat so trying to prepare for that is counter productive. All you do is to make yourself more predictable. You're better off not doing that. In terms of the sort of more every day black swan than one that happens, it's just always out there. Jus, low probability act that people do know about. I think people don't give enough attention to that. One of the things in the seam said that i really agree
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