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#39: John Hussman On Navigating One Of The Most Overextended Stock Markets Of All Time
Superinvestors and the Art of Worldly Wisdom
The Consequences of Speculation in Animal Spirits
Jesse Jackson: We have reached the late stages of a crescendo in these animal spirits. It's beyond anything I've seen before in my career, he says. "I don't know if it's the top because I don't know whether people get the speculative bit in their teeth again" He adds that valuations tell you a lot about long-term returns and full cycle risk.
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