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Ep. 998: David Buckmaster Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Importance of Merit in America

"We are not being fair at the most basic level," he says. "What does merit mean anymore in America? And so ultimately merit is looking like it's less and less important" The word 'meritocracy' was meant as a joke by an English satirist, but sometimes that's just not what happens in private,. He adds: We want people to be rewarded based solely on their contributions, but in reality we have more static social class than we would expect there to be or want there to be.

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