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Ep. 1200: Larry Hite Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Buffett and Munger Talk About Diversification
Buffett: What gives you opportunities is other people doing dumb things. In the 58 years we've been running Berkshire, I would say there's been a great increase in the number of people doing dumbThings. And they do big dumb things. They're smarter than the market. They're going to outsmart it all. Yeah, people like Kugner and we'll go along. Make a good money. I'm very good at it. It's probably worth about $5 billion.
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