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Ep. 834: Karim Lakhani and Marco Iansiti Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Importance of Conviction in Transformation

A collision is an interesting thing. You're basically a Walmart coming along and you're running your business in a traditional way or you're a Marriott. That's exactly the phenomenon that we call a collision in the book. It must have been daunting for Walmart when they realized, oh my gosh, our competitor isn't just another retailer selling products. They're a digital company who happens to sell retail products like we do but the entire company has been set up from the scratch to be different. A similar transformation that we talked about in the book is actually what happened with Microsoft.

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