Trend Following With Michael Covel

My guest today is John H. Cochrane, the AQR Capital Management Distinguished Service Professor of Finance at the University of Chicago Booth School of Business. The topic is Chicago school economics. In this episode of Trend Following Radio we discuss: Warren Buffett's quote that he "would have made a fortune" if the banks weren't bailed out Crony capitalism Why "a good Bear failure may have saved us from a bad Lehman failure" The cost of regulation Uber, taxi service, and regulation Why commodities keep getting cheaper and cheaper, but people with expertise keep getting more and more expensive The idea of discretion Healthcare Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your li