Ep. 654: No Real Magic with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Zero Sum Game Is a Wealth Transfer
The Zero Sum speculation game is indeed a wealth transfer. The winner's profit from the losers. Life is not fair. If you don't like being a loser in the Zero Sum game, then it is time to consider how the winners play the game. Long-time federal judge Milton Pollock's ruling that dismissed class-action suits illustrates Zero Sum confusion.
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