Ep. 137: Right & Wrong Answers with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Distinction Between Politicians and Moneymen
Politicians constantly deal in grey areas and seek compromise that's workable. You, frankly, believe the market should be allowed to rule. Come what may, don't you? Well, again, it's the nature of how fearful you are regarding your own decisions. So, if you're a politician and you get it wrong, you get booted out. That's the worst thing that happens. I get it wrong,. I lose everything. The one problem emanating from the last decade is that the prosperity, what seemed like prosperity, which was emerging from the banking and financial circles has vanished. We committed to spending within the economy. That was predicated on that tax revenue always being there.
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