Ep. 965: The Tom Basso Book with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Trend Following
In the past century, equity markets have had four drawdowns of more than 30%. People want to own that risk. The people who sell it are people who don't want to own it anymore or trim their books. We're in the risk transfer business. That's what markets do. And we take that time and we get paid for holding it. I hope you enjoy this episode.
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