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Ep. 916: JC de Swaan Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Importance of Legal Deception in Trading and Finance

At certain levels of finance, trading, investing, there is a good bit of deception and manipulation. And it's within the rules according to experts like Robert Schiller and George Akkerloff. In some ways, you're being successful in your primary mandate and your customer mandate by extracting value from the rest of society because you're impairing the integrity of the markets. The industry as a whole is moving towards trying to plug that particular whole.

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