Ep. 113: Risk, The Unexpected and Black Swans with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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Ben Bernanke Walking Down the Street
At no point in history have we had more people with taking the upside at the expense of others. Complexity makes it possible, and when you have a large states, people at the top living in Washington dealing with a spreadsheet are never harmed by their mistakes. The spreadsheet doesn't make you ashamed. In a small commune, you are ashamed. Never ask a doctor what you should do. Ask him what he would do if you're you. You get a different answer. So this is my ethical point. I never talk about what I want people to do. When I say how to live in a world we don't understand, I'm not allowed to tell you what you should be
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