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Ep. 747: Safi Bahcall Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Origins of Modern Science and Ideas in Western Europe

In Western Europe, we had hundreds of these tiny little competing empires. They could support different crazy ideas. If one ruler happened to withdraw funding as did happen in the case of Taikobrahi and he wandered around Europe per year until he found some other guy who could fund him. That's very similar to what happens in biotech or any market of small companies. In the case of drug discovery, that's where most of the breakthroughs came from.

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