Ep. 480: Efficiency with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
How to Get From Point a to Point B
If the S&P is over 2000 and it takes a 50% hit, it's easy to imagine it going to 1000 or 1200. China has pulled almost 700 million people out of poverty from 1981 to 2010. It reduced extreme poverty from 84% in 1980 to 10%. The communist government got out of the way and they let the trading and merchant culture embedded in China take over.
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