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Ep. 507: Lanny Bassham Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Principle of Value

"The principle of value, we appreciate things and direct proportion to the price we pay for them," he says. "If you don't put on any effort and you get some kind of, how much do you value awards that are just getting handed to you? You didn't work for them." He adds: "It's valuable because it's hard. It's valuable because we've got skin in the game".

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