Ep. 969: A Speculative Reminder with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Antithesis of the Professional Speculator
The speculator's soul aim in the operation is the profit, towards which he cuts his way. He possesses no more regard for the feelings or pockets of other people than a hungry tiger would for him if he were airing himself unconcernedly in a bangled jungle. The man who makes a study and business of speculating will be found to be a hard-grained man, sailing very close to the wind. Your persistently haphazard man is mostly a person of flabby character, and no less flabby mind,. as easily frightened off a line that he has set himself to follow.
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