Ep. 981: Equality v. Equity with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Social Mentality of Monopoly Power
The idea that you can still create something and win big, boom, that's awesome. But just keep this in mind though. Good process, bad process, good outcome, bad outcome. That's the trading mentality. Now let me bring it back to the social mentality, which is all the rage today. To quote, equality means each individual or group of people is given the same resources or opportunities. Equity recognizes that each person has different circumstances and allocates the exact resources and opportunities needed to reach an equal outcome. There's no equal outcome. It's fantasy. If somebody walks up to you and they start talking about equal outcomes, they want to fight because what they want is the state
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