Ep. 50: James Altucher Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
The Ugly Side of Greed
I think greed means different things at different times. In the eighties, we had, you know, the Michael Douglas Wall Street, greed is good sort of saying. Then in the nineties, you had greed a little more associated with innovation. And then in the 2000s, we got back to the, the ugly side of greed again and financial innovation was going faster than the real innovation that was trying to keep up with it. Now we have an uglier twist to it, which is that people are trying to stop innovation because they associate it too closely with greed. Almost any innovation now is considered greedy. What in fact, innovation does need money to fund it. Like if
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