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Ep. 834: Karim Lakhani and Marco Iansiti Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Pushback From Traditional Leaders

The traditional leaders look down at the digital businesses and they go, huh, at the moment, we're generating much more value than what these digital businesses are required. These guys require a lot of investment and a fundamentally different view of the way you operate. I can tell you Jeff Bezos' ROI at the beginning of 1999, 2005, was nowhere near what Walmart was at. It's the same thing that most incumbents find themselves under. If you look at Marriott right now, they have a tonsil, and they've done things in a certain way for a long time. Just unmerit.

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