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Ep. 427: Michael Ellsberg Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Education of Millionaires

The two largest purchases that the average person is going to make is their education and their home. Both of these are highly leveraged in our system. The average debt that an American is taking on for education is like 27,000 or I think it's like $29,000 now. And then the financial advice commonly delivered is to go and buy a home. Well, you don't, most people don't buy it with cash. They buy it in a highly leveraged way. That's what my last book, The Education of Millionaires, is all about.

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