Ep. 948: James Salzman Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 22 February 2021
⏱️ 60 minutes
🧾️ Download transcript
Summary
My guest today is James Salzman. He holds the Samuel Mordecai chair at the School of Law and the Nicholas Institute Professor chair at the School of the Environment at Duke University. He has written extensively on the topics of environmental conservation, population growth, and climate change. He lives in Durham, North Carolina.
The topic is his book Mine!: How the Hidden Rules of Ownership Control Our Lives.
In this episode of Trend Following Radio we discuss:
- Rules of Ownership
- Airlines Seat
- Creators Have Control
- Restaurants and Food Trucks
- Ownership of Spoken Word
- Facebook and Google
- Copyright
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. |
| 0:33.3 | My guest today is James Salzman. |
| 0:36.0 | He's a professor of law at UCLA at Fine University in Southern California located in the center of Los Angeles. |
| 0:45.0 | Where do we go today? |
| 0:47.5 | We go right to ownership. |
| 0:50.7 | Who owns what? |
| 0:53.4 | Mine. |
| 0:58.4 | Like mine is one of the first words that babies learn. |
| 1:06.9 | And by the time we grow up, the idea of ownership seems natural, whether buying a cup of coffee or a house. |
| 1:14.6 | But who controls the space behind your airplane seat? You reclining were the squished laptop user behind. What James and his co-author Michael Heller have done is kind of a freakonomics |
| 1:21.8 | version of ownership. Who owns the space over your house? Right? Have you thought about this with the drones |
| 1:30.7 | versus airplanes? Who owns a recipe? Who owns a design? What about plagiarism? There are so many |
| 1:40.8 | issues when it comes down to ownership. |
| 1:52.0 | And what James has figured out is that there are a group of stories that can help to explain and understand your ownership position. |
| 1:56.0 | And these stories really never change. |
| 1:58.5 | And if you can recognize them, you've got a leg up. Ownership really is |
| 2:04.8 | the issue going forward in humanity. These guys do a great job, some really eye-opening |
| 2:11.5 | stories, mind-bending and furiating. It really makes me want to just pull my hair out what I have left of |
| 2:19.6 | hair. |
... |
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