Ep. 907: Trend Following and TurtleTrader with Michael Covel on Trend Following
Michael Covel's Trend Following
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The Efficient Market Theory
The efficient market theory states asset prices fully reflect all available information. This means it is impossible for average investors to beat the market consistently on a risk-adjusted basis, writes Andrew Keen. EMT was set in motion with Louis Boscholiet's PhD thesis published in 1900 and developed by University of Chicago professor Eugene Fama. But not everyone is a true believer guzzling the Kool-Aid.
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