Ep. 858: A Trend Following Flashback with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Precarious Situation of the Gavapoli System
I'm wondering if the lack of outrage is reflected in the fact that so many average everyday people via mutual funds and perhaps pensions actually have investments in these many Gavapoli type companies. As you stop competition within a economy, the whole economy itself becomes less competitive. We're certainly seeing that show up in our relationships with other countries, where particularly China and other countries, India and so forth. The whole economy, our economy is not competitive because we don't allow ourselves to compete with one another anymore. So my point is not to change anything. I'm saying, this is what's happening. And you might as well take this into your personal calculus when you're playing the markets.
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