Ep. 520: Take the Lid Off with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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Jay Forrester's Toilet Story
MIT professor J. Forrester recalled in 2011 that he once asked students in engineering class if they understood how the feedback mechanism in a toilet's water tank maintained the water level. He said none of them had. How do you get to MIT without having ever looked inside a toilet tank? Plenty of people go to MIT and Harvard and then going through the rest of their life and they're just looking for bait. They're prey, somebody's looking to haul them in and fillet them.
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