Ep. 1077: Inspiration from Three Bright Minds with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Discipline in Investment Modeling
We all lived in fear in the early days of the black box label. I think that that 5% discretionary was also to give some investors a sense that there was a thought process and it wasn't just this, you know, ignorant machine clunking away. But today, even in 2015, it's still not a widely understood concept. You are saying, what are the targets of opportunity when that opportunity arrives? We are going to do something with it when it arrives but we can't force it.
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