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Ep. 510: Milton Friedman Returns with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Importance of Individual Freedom in Mexico

I worked for Sears for two and a half years. Every day I went past a little board that said, came out 31, Sears 19, 21. All I know is that they managed to appeal to the consumer. They made better decisions about what products to sell than Sears did. Kmart was better at discounting than Sears. That's what consumers wanted. Then they served the consumer. When Sears decided that it would approach or broach the issue of the arena of discounting, their sales went shut up. But they're profits to finish. You can play a role in that. Your personal life, you cannot do a thing and don't let anybody catch you.

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