When capital is too cheap, speculation stops looking dangerous.
In a sea of noise, your work is a rare signal. Appreciate the high-quality macro mechanics. Always enjoy reading (or listening to) the material you provide!
Wow, great article, lots of truth bombs here.
Well done!
Market stopped pricing reality many years ago. Value investors no longer making big money.
They lost all to algos, market makers, liquidity providers, banks, institutions, memecoiners and lucky retail investors.
The rest simply lose money, even if stocks they pick look decent.
In a sea of noise, your work is a rare signal. Appreciate the high-quality macro mechanics. Always enjoy reading (or listening to) the material you provide!
Wow, great article, lots of truth bombs here.
Well done!
Market stopped pricing reality many years ago. Value investors no longer making big money.
They lost all to algos, market makers, liquidity providers, banks, institutions, memecoiners and lucky retail investors.
The rest simply lose money, even if stocks they pick look decent.