Michael Covel's Trend Following cover image

Ep. 823: Joseph Pine Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

00:00

The Basic Pyramid of Coffee Prices

In April 1999, coffee was 99 cents per pound. Now it's 50 cents a dollar. People want goods and services to be commoditized so they can spend their hard-earned money on the experiences that they value. But as you're going up this is that goods and services are themselves being commoditized. And when that happens, it gets what? Your price goes down. They don't have much control of it, but it's not going to go up for long.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app