Ep. 578: Be the Man with Michael Covel on Trend Following Radio

Be the Man
Be the Man

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You won’t expect or see this episode coming… First, consider a truism: Asian American students dominate in academia. Asian Americans know that if they get the right scores, and check off all the boxes, they get the good school. However, this is not how it works at Harvard and other Ivy League institutions. They don’t operate based on who has the best test scores.

Michael reads a passage from a New York Times article illustrating the injustices in Harvard’s admission processes. Once one ethnic quota has been filled, that’s it. No more students can me admitted. Public universities handle their admission process differently. Asian Americans make up 34% of The University of California’s student body as apposed to about 15% of Asian Americans allowed to attend the Ivy schools due to diversity regulations.

“America, the home of equality?” This catch phrase has gone by the way side. When students work hard, but then are slapped down because of their race, this goes against the American dream. And when the system turns against you its time to make a choice: Fight against it or walk away? Michael’s answer is counter-intuitive and dovetails with trend following.

In this episode of Trend Following Radio:

  • Ivy League quotas
  • The American dream
  • Asian Americans
  • Fair competition
  • The secret sauce myth
  • Letting go

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You might like my 2017 epic release: Trend Following: How to Make a Fortune in Bull, Bear and Black Swan Markets (Fifth Edition). Revised and extended with twice as much content.