Ep. 712: Bradley Hope Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
The Rise and Fall of the Mughabala
J.Lo is getting inspired by this kind of idea of a new kind of financial organization that really drives the strategic vision of a country. He developed his first relationship with Goldman Sachs, which we'll come back again later on. In Malaysia, there's a state called Terengganu that actually has quite a lot of oil wealth. And so he convinced those guys to create a sovereign wealth fund of their own. But at the last minute, the Sultan of Terengaganu said, actually, you know what? Never mind. A billion dollars is a lot of debt. This sounds dangerous.
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