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Ep. 719: Jonathan Tepper Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Power of Competition in Modern America

If there's no competition, then we don't have capitalism, do we? Absolutely. But the issue is that there are some industries that have natural monopolies. If you look at Moody's, for example, which Buffett owns, the monopoly there is really a function of legislation. Once companies figure out that they can use regulations to create artificial monopolies and artificial duopies or oligopolies, that, I think, is one that's terrible for consumers.

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