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Podcast: Michael Covel's Trend Following
Episode: Ep. 569: Andrew Lo with Michael Covel on Trend Following Radio
Description: Andrew Lo is author of “Adaptive Markets: Financial Evolution at the Speed of Thought.” He is also the Charles E. and Susan T. Harris Professor of Finance at MIT and the chairman and chief investment strategist of the AlphaSimplex Group. Andrew was taught from the beginning of his career that the efficient market hypothesis was gospel truth. It was the end-all-be-all. However, he first found a problem with the efficient market hypothesis just after graduating college. He did a test on the “random walk hypothesis” and related his findings from that hypothesis to the markets. He then came to...