Ep. 687: Peter Leeson Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Being Well Behaved
When the groups of individuals involved are very small, you might think that it's not such a big deal that people aren't stabbing each other and stealing from each other because in those sorts of situations we all know, people tend to get along pretty well. The smallness of the population and the social causes of the people involved tends to make things easier. That's true for all the groups that I've worked on. Everybody seems to be a pretty much cooperative type of person who wants to get along. Is it interested in being malevolent towards others? Is it vicious? That's sort of cheating as well. Even if they were purely anarchic, even if they didn't exist, there
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