Ep. 366: The Statistical Mindset with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Design of a Filing Cabinet System
The idea is that these then come together and you might ask, under what circumstances this water come out of there. And so we can make the device simple enough now that we don't need a human being anymore now to do the file work for us. It's all done electrically and it has this kind of switches in it. Valves, electrical valves are called transistors and how they work in detail or how the electrons come in here, the effect of the electrons going in, I won't describe. But just granting that a transistor is the analog of a valve but for electric current, then you're going to understand that large numbers of transistors would constitute a computer.
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