Trend Following With Michael Covel

My guest today is Kathryn Kaminski, the deputy managing director the institute for financial research (SIFR) Stockholm Sweden. She's also a contributor to CME Group. She earned her PhD at the MIT Sloan School of Management. At the MIT Laboratory for Financial Engineering, she conducted research on financial heuristics in collaboration with Professor Andrew W. Lo. Her new book, with Alex Greyserman, is "Trend Following with Managed Futures: The Search for Crisis Alpha." The topic is Trend Following. In this episode of Trend Following Radio we discuss: Survivorship bias Kaminski's background and upbringing Convergent risk-taking strategies and divergent risk-taking strategies Social networking as an example of risk Apple as an example of convergent/divergent The importance of failure The efficient market hypothesis, the idea that trend following is "voodoo", and the lack of transparency in trend following Critics of trend following Kaminski's "ah-ha" moment with trend following Why trend following works in tim