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Ep. 485: Jared Dillian Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Dot-Com Bubble and the Failure of the Mortgage Business

Lehman was very highly leveraged to the housing bubble because they had a big mortgage business. They just fell into the trap that it was going to go up forever, he says. Lehman should have been able to see this, Laman writes. "There's a lot of armchair quarterbacking."

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