Ep. 87: Money Is The Root Of All Evil with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Moral Principle of Money
"Money is only a tool. It will take you wherever you wish but it will not replace you as the driver," he says. "It allows no power to prescribe the value of your effort except the voluntary choice of the man who is willing to trade you his effort in return." Money does not buy intelligence for the fool or admiration for the coward, writes Tolstoy. To trade by means of money is the code of the men of goodwill, he adds.
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