Michael Covel's Trend Following Ep. 1336: Enough with Michael Covel on Trend Following Radio
Apr 28, 2025
Dive into the zero-sum nature of trading and how societal apathy affects markets. Discover the erosion of trust in governance and its implications for social stability. Explore the misdirection of societal focus from pressing issues towards debates that hinder progress. Learn how trend following can navigate the chaos of turbulent times. Finally, gain insight into managing financial uncertainty amidst unreliable institutions and misinformation. This conversation is packed with wisdom for anyone interested in investments and socio-economic dynamics.
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Markets Are Zero-Sum and Essential
- Investment markets, especially futures, operate on a zero-sum basis where one party's gain is another's loss.
- Markets serve multiple purposes beyond wealth, and their existence prevents societal regression to primitive conflict.
Trust Broken Over Decades
- Responsibility for current societal and political problems extends far before any current leader.
- Decades of ignoring systemic issues have led to broken trust and widespread societal decay.
Western Cities Are Declining
- Major Western cities have deteriorated into crime-ridden, neglected urban spaces excluding East Asia.
- This decay reflects a broader trust issue where societal norms and markets are undermined.