Ep. 905: Zuckerman, Gray and Holiday with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Impact of Long Term Capital Management on the World
Melticium Renaissance and Jim Simon's don't hire individuals from Wall Street with any Wall Street backgrounds. But yeah, they were concerned, LTCM had models of their own and they didn't work. And so they learned lessons from that experience. One of them being the humble, don't leverage up so much, don't be stubborn with your models. The Renaissance gang and Jim Simon’s in particular, do not override their models 98% of the time. They will take risk off even when the opportunities look great.
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