Ep. 935: Trends, Psych and Felonies with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Role of Behavior in Market Anomalies
markets need to be grounded in a sensible theory there needs to be data to back it up and there also needs to be some sort of behavioral reason why it exists. i would bet money on american obesity for the next 50 years because even as we become more informed it's just still hard to eat the right thing or exercise. And similarly i would bet on things like value and momentum long into the future because they are going to get worse.
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