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Ep. 248: Mark Miller Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Long Lap Period Between Not Happening and Exploding

Once Netscape went public in August in 1995, the growth of everyone needing a website was like instantaneous. Even though you lay out the foundation over 40 years, when it came time to execute, it happened overnight. I think the network effects just say that once it starts happening, it can grow explosively. But it doesn't really tell you when conditions on the ground have changed enough that the explosion can start.

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