Ep. 864: The Deep State, Flow State and Animal Weapons with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Cost of Investing in Weapons
The biggest males invest obscene amounts of resources in these weapons. They're depleting their own reserves that they need to survive to make these weapons. And so what do you do if you're not the biggest male in the game? You can pour all these resources into this expensive technology, but you're not going to win. Go the opposite way. The smaller octopus male gets around these limitations that we're talking about of the alpha.
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