Ep. 155: Boom-Bust Cycles with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Complexity of the Economy
Anti fragility gains from disorder and effectively may even need disorder for fuel. So here you have three categories for objects, the fragile, doesn't like volatility,. The robust, doesn't care. But then anti fragility and fragility applies more to kind of systems or human living organism. What people fail to understand, and this is where libertarians tend to pick it up rather quickly, is that even when you read Adam Smith's, you have this illusion that economy functions like a machine.
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