Ep. 627: Charles Faulkner Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
The Uncertainty of the Future
In an ecosystem, things are not additive. If you add something new into the system, it doesn't just add a new feature like on your phone. It changes the entire system. That's complexity. In this situation, in say cryptocurrencies and example, it isn't just okay, we have the markets plus cryptocurrency or plus blockchain. But they don't know what that new life form might do that'll change the whole system. Now all of this, of course, is shot through with uncertainty. And I used to use terms such as 'sarcastic uncertainty' for people uncertain about the future.
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