Ep. 935: Trends, Psych and Felonies with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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How to Overcome Overconfidence in Your Trading Record
The correlation between self-reported investment performance and actual investment performance is indistinguishable from zero. One third of people who think that they've beaten the market have underperformed by five percent or more, he says. If you're sharp at something i would encourage you to try and write a book about it Write a blog post about it teach others about it and then be surprised to the upside if you outperform so those three things look at the data just be dispassioned about thatLook at the data become a teacher look for ways to teach other people that's going to help identify gaps in your own knowledge and learning.
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