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Ep. 896: Tim Koller Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Importance of Market Size in the Private Market

In the private market right now, it only takes one or two people to push up the valuation far beyond what it should be. You have to ask the question, is this company really going to be special five or ten years from now when you're thinking about valuation? I wouldn't take it as a trading point of view. I would take it as, let me understand the long-term potential of this business and then decide which ones are worth taking that risk on"

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