Ep. 47: Consistency In Your Thought Process with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
The Role of Prices in Transmitting Information
In order to know, be able to make a pencil, you'd have to get the lead. No single person knows how to do all that. What's called lead inside isn't lead, it's graphite. It comes from some mines in Latin America. There are probably thousands of people who have cooperated together to make that pencil. The answer is the existence of a market.
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