This is a ChatGPT-free Zone
Munger Munger is looking and sounding great at the DJ annual meeting (I wasn’t there; just watched the video). His ‘wretched excess’ seems to be more about private equity and venture capital than the public stock market. In fact, he said that tech stocks now are not like the Nifty Fifty stocks (he mentioned Home…
People keep talking about how crazy the market is, up more than 25% this year. It’s a big year to be sure. But on the the other hand, even though the market has been decent in recent years, it hasn’t been particularly bubblicious. To put the 25% return into context, I think it’s a good…
Bubblicious? People still speak of bubbles a lot, bubble in the bond market, stock market, unicorns etc. But I still don’t really see a bubble except in certain areas of technology. Otherwise, things seem to be in a normal range to me, except interest rates. They do seem a bit low, but having said that,…
Shiller said the other day that the market can go up 50% from here. OK, so I fell for it and clicked to watch the CNBC video. This was sort of a surprising comment coming from the creator of the CAPE ratio, one of the main indicators bears use to argue that the market is…