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Ep. 579: Mihir A. Desai Interview with Michael Covel on TRend Following Radio

Michael Covel's Trend Following

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The Core of Finance

Finance is built on the idea of buyer and seller, a creditor and debtor. It's amazing for two reasons: One is that we can observe prices and transact at those prices. The deeper reason is because that lets you make decisions, right? And all of decision making is informed by the observation of prices. Without observing prices, how do you allocate resources? How do you allocate your time? You know, it's kind of amazing in a system wide sense, but it's also kind of amazing at the individual level as well.

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