Ep. 1036: Larry Kotlikoff Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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How to Get a Mc Mansion to Compete With the Joneses
Nothing in america drives the masses towards this style of thinking. The masses are, let me get a mc mansion to compete with the joneses. Let me put my car on debt, all my cars on debt. Let me buy all the furniture in my house on debt. And if the viademis willook at me like, why as it cost an extra hundred thousand, i so you got to buy furniture for the house and renovated everything else, you're absolut it's a crazy system that we've got right now. It's such a simple way to think. Nothing in america, very few voices. You're one, but nothing in America drives the masses
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