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Ep. 705: Howard Marks Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Importance of Alternate History

David Frum: The lesson of 2008 is not that we can have a big decline and expect a bounce back. He says the subprime mortgage backed securities, which I described as fallacious, were enormously overestimated. Frum: Government should keep things from going to such extremes.

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