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Ep. 892: Gary Hamel Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Importance of Experimentation in Decision Making

I don't think so many people really wrap their arms or you mentioned experimentation in your answer there earlier, but I don't think people necessarily think about how important experimentation is because at the end of the day, the guy at the top doesn't necessarily know either. So it's a matter of trying many things, knowing from the beginning, back to David Ricardo in the 1700s, you got to let your winners run, cut your losses. You just don't know what's going to be the home run.

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