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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 Incomprehensibility of Human Civilization

Human civilization has always been incomprehensible to us in the details. Once you put large numbers of interest-seeking individuals, agents together into an economic system, we get many emergent effects that we have no ability to comprehend. This goes back to a high point about how civilization as a whole makes use of more knowledge than any one of us is aware of. But on the other hand, there's general things we know. The logic of evolution and economics still apply. One can do the same for a world dominated by AI or nanotechnology.

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