Ep. 482: Two Takes with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Minsky Moment
There is this very, very elegant formula that has been pulled at the dusty library bends that explains life. But I don't think so. This said, Minsky is correct. Capitalism, booms, and busts are normal course of activity. There needs to be the great flood. And if you ever think that that will go away, you will be the person that's sitting there holding a sack of shit in your hands. When you open that sack of shit, there's not going to even be shit at it. You're going to be broke because you trusted this whole damn system.
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