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Ep. 677: Mark Blyth Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Efficient Market Hypothesis

Mark O'Mara: I don't know how thinking people can really say, this Kahneman stuff was good for a period of time, but here's the new way over here. The boomy slumpy nature of capitalism, what Shumpeter identified as its creative destruction dynamic, it seems to me to be hardwired into it. It's the DNA of capitalism. And what we've done through basically central bank action and through the shift in the passives and a few other things has basically shattered that. Do you think it's possible we could even go another 10 years like the last 10 years? That's a bet I want to take.

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