Ep. 1023: Get Inside Your Mind with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Socialization of Risk
When we see somebody else do something, we have an unconscious connection to that. We actually have turn it off, as opposed to turn it on. Thisis make's perfect sense of why people that were tremendously riskaverse in two thousand six decided they had to get me piled it the last minute because at that last minute it seemed least risky. In fact, it was a bigger risk that you'd lose out by not doing it than by doing it. That is the basis of the herd idea, that the hert will survive.
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