Ep. 1166: Edward Lee Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Business, Investing

4.6 • 732 Ratings

🗓️ 27 March 2023

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

My guest today is Edward Lee who teaches international intellectual property law, copyright law, and trademark law. He joined IIT Chicago-Kent's faculty in 2010 as a professor of law and director of the Program in Intellectual Property Law. His research focuses on the ways in which the internet, technological development, and globalization challenge existing legal paradigms. He also writes extensively about the Framers' understanding of the Free Press Clause as a limit on using the Copyright Clause to restrict technologies.

The topic NFTs.

In this episode of Trend Following Radio we discuss:

Intellectual property; digital products
Virtual tokens as smart contracts
Advantages of blockchains
Advantages of ownership in the developing web
Copyright law
Skepticism of cryptocurrency

Jump in!

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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 life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/

You can watch a free video here: https://www.trendfollowing.com/video/

Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

My social media platforms:
Twitter: @covel
Facebook: @trendfollowing
LinkedIn: @covel
Instagram: @mikecovel

Hope you enjoy my never-ending podcast conversation!

Transcript

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0:00.0	This is trend following radio where great thinking comes alive.
0:10.9	Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings.
0:21.2	I am your host, Michael Covel, not filtered, raw, honest.
0:27.4	That's my passion.
0:33.2	My guest today is Edward Lee.
0:36.0	He is a professor of law. The topic of conversation is something
0:41.0	that I think just about everybody on the damn planet is going to have to reckon with at some
0:47.0	point in the future, because ultimately we are all creators. Let's face it, the internet
0:54.1	attempts to, and does a very good job in many instances, of monetizing us.
1:01.0	That's right.
1:02.2	We are the fuel.
1:04.4	We are the blood for all of these big social media companies.
1:09.4	Without us, they're not worth $100 billion. We are the
1:14.0	creators. We make the content. That's the flat-out truth. With Edward's new book, creators take
1:21.9	control, he goes down the path of where artistic expression and trademark meet. And he sees, and I've
1:31.3	brought this up on this podcast before, he sees NFTs and the blockchain is ultimately the place
1:39.3	where we take some control. Now look, even if you think this is not relevant to you, well, that's your mistake.
1:47.1	But it's probably going to be relevant to your friends, your family, your kids.
1:50.7	It doesn't make a difference.
1:53.0	We are the money.
1:54.9	Without the blood, without the people, nothing happens.
1:59.3	And when we create something, whether it's a blog post, a piece of music,
	...

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