Ep. 864: The Deep State, Flow State and Animal Weapons with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Parallels in Military History
The key to arms races is a one-on-one confrontation between rivals, he says. If the fights aren't predictable, then it's not worth spending a lot of money on weapons,. "When you start getting three, four, five, six different animals in the fray, everything starts to break down," writes David Frum.
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