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Michael Covel's Trend Following

Ep. 1293: If You Can't Measure It with Michael Covel on Trend Following Radio

Jun 24, 2024
The podcast discusses the importance of measuring progress, contrasting trend following with predictive technical analysis. It explores trust in predictive technical analysis and societal constructs, while highlighting 'crazy' behavior in trading. The speaker emphasizes evidence-based decision-making and offers further engagement through email.
27:44

Podcast summary created with Snipd AI

Quick takeaways

  • Measuring performance is essential for effective management, 'If you can't measure it, you probably can't manage it.'
  • Utilizing data analysis and quantifiable results leads to informed decisions and performance improvements.

Deep dives

Importance of Measuring Performance

Being able to measure performance is crucial as it directly impacts management. The statement 'If you can't measure it, you probably can't manage it' emphasizes the significance of quantifying outcomes for effective oversight. The example provided regarding box jumping illustrates how measuring progress leads to improvement and risk mitigation in physical activities.

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