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Navigating A "Structural Shift" In Markets | Joseph Wang & Martin Pelletier
Forward Guidance
Is There a Big Structural Shift in the Market?
In 2014, I was running Energy Hedge Fund. It was one of the top hedge funds in Canada for performance. And then the OPEC came in and aggressively targeted US shale. And I said, this is a game changer. So we closed down the fund to give the money back to investors because it was just not a good place to invest in. How can you say it wasn't? You had a shutdown of the global economy. We had baby boomers that left the workplace. There's two jobs for every person looking for a job available. Now they may not be the best jobs you're looking for, but there's still that kind of availability. That's going to put upward
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