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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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How FedEx Jacks Up Volatility

The story of Fred Smith and FedEx is a great one. He behaves in the way that we would expect somebody to behave who has an option, which is he jacks up the volatility. And it raises all kinds of interesting questions. It's also why bankruptcies are so interesting because they're all these ethical issues. Like, is it right to go gamble all that money? Or did you just steal from all your lenders? Yeah.

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