Show Us Your Portfolio: Cem Karsan
Excess Returns
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The Importance of Valuation in Investment
"I think of valuations as, you know, imagine you're on a jet airplane," he says. "If you got a lot of jet fuel in that engine, it's going to keep going up." When the liquidity comes out, right, when there's less, oh, so the spigot stops. fundamentals have not mattered for 40 years, but they will matter during this next cycle and interest rates increase.
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