Ep. 929: Motivate Me with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Golden Rule of Speculation
Ricardo Ricardo wrote that when a member possessed stock and prices were rising, he ought not to sell until prices had reached their highest. These are indeed golden rules and may be applied with advantage to innumerable other transactions than those connected with a stock exchange. I guarantee you 100 years from now, all of these precepts will be exactly relevant. Nothing will change. The key is what are you going to do with your life and the limited time that you have on this planet right now? We're nothing more than a flea in the markets in one fleeting year. Unless humanity extinks itself in some way, global thermonuclear war or an asteroid like the dinosaurs got knocked out on.
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