The Covid Conundrum “It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so. “ – Mark Twain I recently read a nice John Hussman piece on market excess which I think is pretty well timed despite his track record of waxing bearish. The historical references in it are oldies but goodies, and the data he highlights on current markets is worth paying attention to. This article and a recent Grantham interview are your typical late cycle speculative mania bubble warnings from classic value sensitive mean reverting market types, and they will be dismissed as such by thematic growth leaders of the day as well as just about anybody whose enjoying endless up days in markets. So, I am not going to go there right now as this debate is as old as time, but I do think it’s a good excuse to take a break from Twitter and hodling to think about what the post-Covid world looks like for growth investing.
THE COVID CONUNDRUM
THE COVID CONUNDRUM
THE COVID CONUNDRUM
The Covid Conundrum “It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so. “ – Mark Twain I recently read a nice John Hussman piece on market excess which I think is pretty well timed despite his track record of waxing bearish. The historical references in it are oldies but goodies, and the data he highlights on current markets is worth paying attention to. This article and a recent Grantham interview are your typical late cycle speculative mania bubble warnings from classic value sensitive mean reverting market types, and they will be dismissed as such by thematic growth leaders of the day as well as just about anybody whose enjoying endless up days in markets. So, I am not going to go there right now as this debate is as old as time, but I do think it’s a good excuse to take a break from Twitter and hodling to think about what the post-Covid world looks like for growth investing.