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Ep. 849: Stefan Thomke Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Economics of Innovation

In the digital world, sort of the economics are a little different. It's all about knowing from the beginning that you're going to have more losses than wins. But it's the size of the wins is what matters. And here it's a long tail. So the winners can be really, really big. I mean, there's an example from Microsoft where they did a little experiment and moved the needle by $100 million.

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