4min chapter

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#36: Peter Atwater On The Coming Age Of 'Screwtiny'

Superinvestors and the Art of Worldly Wisdom

CHAPTER

The Risk of Speculative Euphoria in the Stock Market

The speculative euphoria is more extreme probably than I've ever seen, you know, in terms of the call options and specs. It seems like confidence at the top of the K is off the charts Is at an extreme low. The question becomes can we elevate those at the bottom up? Does the generosity of those at the top extend back into the bottom do we see jobs come back?"

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