2min chapter

The Compound and Friends cover image

When in Doubt, Zoom Out

The Compound and Friends

CHAPTER

The Divergence Between Individual Investors and Institutional Investors

There's a divergence between individual investors and institutional investors. Individual investors are bullish as they should be, but markets going up. You need bulls in bull market to buy stocks in bull markets to have bull markets. It's not earnings that drive prices - it's positioning.

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