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Ep. 1195: A Mechanical Way with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
How to Prove a Strategy Is Broken
Finance is dominated by randomness. You need to have a lack of conviction and dogma in certain things because you want to be able to prove that things are wrong. When we come up with a new strategy or a new idea, what we're trying to do is find out what's wrong with it. And then if you get literally months of testing and retesting and rethinking about it,. then maybe it's going to work in the future. I've got a lot of conviction about it. I don't have a conviction about any particular technique. Just do what you think is best and what you think will be persistent.
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