Ep. 1073: Switch to Trend Following with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Storytelling
If you're a soccer sitting there listening to stories from politicians, well, maybe you made nothing. Maybe you lost a bloody fortune. You see in how this game works with the storytellers? Another example, Netflix down 73%, another example, Robin Hood, the trading company down 72%. Peloton down 87%, Wix, the website maker down 78%. All of these companies had a story. They all had people spending boatloads of money on marketing for their product or service. And after a certain point in time, it happens in every generation. The Grim Reaper comes in and cuts everyone off at the knees.
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