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The Stock Market Is Stupidly Overvalued With Mark Spiegel

Lead-Lag Live

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The Value Cycle Is Not a Gurus-Only Cycle

Even in a bubble market, there are companies that nobody cares about. And so that's the kind of stuff I like to buy. Even though we're value investors, I always managed to find a few really cheap sort of nano cap, micro cap stocks every year and have had very good success with them. We haven't to be up a ton this year, although we had some down years during this bubble, for sure. But really the down years were entirely Tesla, because we've been short a lot of Tesla really since 2014, and it went 20x on us. So I always say there are no gurus-only cycles.

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