4min chapter

Michael Covel's Trend Following cover image

Ep. 1198: Garrett Neiman Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

CHAPTER

How to Define Rich

In his new book, "Rich," author David Frum says he doesn't use a specific number to define the wealthy. He gives an example of those who can generate a six-figure income without working at all and get a modest 5% return on their money. The main thing that I feel like is missing from the mainstream discourse in the media is this notion that many of the problems that our society is focused on would be dramatically reduced or maybe even go away entirely if we were willing to take a stand on wealth inequality.

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