Ep. 905: Zuckerman, Gray and Holiday with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Potential for Discipline in the Age of Information Technology
The more you're buried in the system just through osmosis and subconscious like monkey brain problems you will succumb to all of that stuff. There's a great psychology finding where if you just feed people more information they systematically become more and more confident in their estimate of their forecasts but their forecast systematically does not improve so with more information more availability all that happens is outcomes don't improve confidence does, which always ends up in a bad place. That's why Warren Buffett lives in Omaha and that's why no matter how powerful or strong will you are the more you’re buried in theSystem the more you'll be able to get away from it.
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