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Ep. 473: Chris Lochhead Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Anchor Effect in Category Design

Apple has a roughly $2 billion category in the US and living essentials as a private company, but a best guess is they have about 90% of that category. The reason you don't is in category design when a new category emerges and the price gets set. It leverages a thing that a lot of researchers around the human brain call the anchor effect. And it's how five hour energy can be five or six times more expensive per ounce than Coke.

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