Ep. 929: Motivate Me with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Speculation
The act of speculating for money is in the spirit of the empirical scientist restless yearning to add to empirical knowledge and put theories to test. It's perhaps not surprising that this view point should arouse some distrust and hostility among the general population, particularly when the speculator profits at a time of general discontent. Consider FDR. In our day, seven economic proofs have become accepted as self-evident. The second bill of rights under which a new basis of security and prosperity can be established for all,. regardless of station or race or creed.
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