Ep. 159: History’s Greatest Hedge Fund with Michael Covel on Trend Following Radio

Whenever Michael Covel sees something totally crazy, totally off the rails, he thinks of “Sloop John B” by the Beach Boys. This is surely the strangest trip he’s ever been on. Tonight, he saw Warren Buffett call the Federal Reserve “history’s greatest hedge fund“. You didn’t vote for a hedge fund? Well, guess what? One of America’s best investors has declared the Federal Reserve history’s greatest hedge fund. Covel discusses hedge funds and “the grand experiment” Buffett talks about. Covel discusses media manipulation and deception. Do you want to be a part of the hedge fund that is the Federal Reserve, or do you want to try a strategy for yourself? Covel moves on to play a clip from Suze Orman, who positions herself as a buy and hold guru, but gives a talk about day trading. Irony is a great way to learn, and boy is there some fantastic irony herein.

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