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Ep. 980: Toby Ord Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Multiple Numbers of Risk

There's a lot going on that can potentially get us to the precipice and push us over. To some extent there's arbitrarily many risks if we're willing to include ones that have vanishingly small chances of doing us in. But what I've found when I've tried to understand how large the risk is from different things is that most of the risk is contained within a relatively small number of particular threats. It's really important to understand that kind of landscape of risk.

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