My guest today is Justin Fox, an American financial journalist, commentator, and writer born in Morristown, New Jersey. He is a Bloomberg Opinion columnist and former editorial director of the Harvard Business Review Group and business and economics columnist for Time magazine.

The topic is his book The Myth Of The Rational Market: A History of Risk, Reward, and Delusion on Wall Street.

In this episode of Trend Following Radio we discuss:

Harry Markowitz, Bayesian statistics, and making smart decisions in an uncertain world using quantitative tools Stocks, beta, and the importance of making useful predictions Commodities Corporation and trend following trading in the early 1970’s Why a market in which everyone was rationally anticipating the future would be a random market Amos Hostetter How the behavioral mindset started to unfold in the 1970’s Eugene Fama and the efficient market hypothesis The Capital Asset Pricing Model Why well-designed markets and well-informed investors are prone to manias and panics Individuals making errors vs. the group getting it right

Jump in!

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I’m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I’m proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.

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