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Fat Tails

Michael Covel (February 16, 2005)

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Michael Mauboussin offers clarity on outliers in trading. While Mauboussin concludes standard finance theory has little to say on the subject, we note Trend Followers regularly hunt and win outliers in the trading game.

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Meet Michael Covel

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  • Market Wizards Ken Tropin

    The basic trading strategy that all trend followers try to systematize is to "cut losses" and "let profits run". (Read more)