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Podcast: Michael Covel's Trend Following
Episode: Ep. 894: Michael O'Leary Interview with Michael Covel on Trend Following Radio
Description: My guest today makes the case that corporations are broken, reflecting no purpose deeper than profit. But the tools we are relying on to fix them—corporate social responsibility, divestment, impact investing, and government control—risk making our problems worse. If we can make our corporations accountable to a deeper purpose, we can make capitalism both prosperous and good. For example, what happens when the sustainability-driven CEO of Unilever takes on the efficiency-obsessed Warren Buffett? Does Kellogg’s—a company founded to serve a healthy breakfast—have a sacred duty to sell sugary cereal if that’s what maximiz...