Join over 10,000 people who receive Michael Covel's newsletter & podcast episodes.

as seen on:

Junk Science from the CFA Institute

The CFA Institute offers:

Your ability to tolerate risk should be determined by your personal financial circumstances, your investment time horizon, and the size of an investment in the context of your portfolio. Frame dependence is a concept that refers to the tendency to change risk tolerance based on the direction of the market. For example, your willingness to tolerate risk may fall when markets are falling. Alternatively, your risk tolerance may rise when markets are rising. This often causes the investor to buy high and sell low.

Who still pretends markets are efficient, imagines buy and hold as a panacea, believes index investing is Shangri-La and that The Fed has your best interest at heart? Don’t look behind the curtain. No need to ever worry about anything…

Tagged with: , , , , ,
Posted in Holy Grails
One comment on “Junk Science from the CFA Institute
  1. Jim Rohrbach says:

    If you worry about your investments, consider that you might be doing something wrong. I sleep very well.
    Jim Rohrbach,RIA

Michael Covel Books
Free Video

Trend following legend sent to your home or office. Get your free DVD.


Premium Systems

Pricing for trend following systems. 1000s of clients across 70+ countries. Client success stories.


Michael Covel's Trend Following™ podcast. 3M+ listens; 395+ episodes. Listen: iTunes & Android.



Have a question? Ask.

Small town guy makes trend following fortune. His free video lesson delivered on DVD: GET DVD NOW!