Ep. 369: Market Predictability with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
The History of the Internet
For most of our history on earth, communications travel at one speed, slow. Until the invention of the telegraph, when overnight it became virtually instantaneous. Our love affair with the internet and our belief that it was history's biggest revolution is an example of a specific flaw in our investment psychology. The aqueduct in ancient Rome, the telegraph,. the railroad, the steam engine and so on stayed up to our most recent tech boom.
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