Ep. 1049: Wide Thinking with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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Is There a Home Bias in Investing?
The home bias is very strong, and probably well more than a majority of individuals really think only about their home country. And that just doesn't make a lot of sense in two thousand 17. It also doesn't make sense because iu, now, increasingly, th world we live in to day is is one where a capital does does not respect national boarders. If you have a highly concentrated portfolio then your upside is much higher than if you have a diversified portfolio. But your downside is also much higher. The problem is that people aren't used to thinking about life in a in a probablistic way.
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