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Ep. 423: Angus Deaton Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Poverty Line

I think the solving and the puzzle is a driver for you, isn't it? It is. You have to manufacture the puzzles too. I mean, that's the whole point, right? Hey, let me address one thing on the poverty issue that I thought was really interesting in your work. So we often hear about the poverty line. And this made me actually, I hope you don't take this as a negative thing, but it made me think of you almost as a Seinfeld type observation. Because we can all imagine, here's this poverty line, this arbitrary line set. The idea that governments would treat people differently or just the smallest distance apart, you can imagine, is

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