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Ep. 867: Rebecca Henderson Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The 10 Year Bull

In the last 10 years, they've done $50 billion worth of share buybacks. By my rough estimates, it put, I don't know, 10 to $30 billion to Disney's bottom line straight out of the pockets of the people who visit the Disney theme box. It makes me so angry. And what makes me really angry is the kind of assumption that we don't have to look out for everyone. That business is about building a society that works for all of us, not just for making the rich super rich. But let's be careful that in doing so, we don't create a Washington establishment which is basically bloated and flush with money.

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