Ep. 740: A New Mega Collection with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Predictability in One-on-One Showdown Matchups
In the early 90s Ukraine had the third biggest stockpile of nukes. The deal essentially was, okay, give up all your nukes or we won't let anything happen. That's very scary because that one-on-one showdown is not predictable. And in a landscape where a dozen or two dozen nations have weapons of mass destruction,. deterrents shouldn't work in that kind of situation.
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