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Michael Covel's Blog: The Trend Following™ Manifesto | Profitable Students in 70+ Countries
From Yahoo comes a description of The Federal Reserve’s technique for cooking the American lobster investor:
“Instead of putting the lobster investor into a pot of boiling water put them in a pot of cold water and bring it a the boil with the lobster investor inside. This way the gradual increase in the lobster investor body temperature is not realized and it will die without being stressed…”
Reason #156 for trend following.
Note: Partially inspired by State sanctioned scum.
Michael Covel is president of Trend Following™, a privately owned research firm with clients in more than 70 countries. He is the four-time bestselling author of The Little Book of Trading, Trend Commandments, The Complete TurtleTrader, and the classic Trend Following. His books have been translated into 10+ languages and Trend Following was named best trading book of the last 15 years. His first film, a documentary, is Broke: The New American Dream. Extended Biography.
