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Ep. 1159: Three Outside the Box with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
The Importance of Understanding the Markets as a Machine
Andrew Keen: It's important to change the mindset from thinking that the market is a kind of a machine that cranks out 6% risk premium year in and year out. Those of us who are in the markets on a regular basis understand that there is no guarantee that you'll get any kind of risk premium, he says. The sooner they can think more along the lines of an organic dynamic ecosystem where sometimes you'll do well and sometimes you'll get eaten, will be able to develop profitable investment strategies for wealth accumulation.
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