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TIP523: Financial Wisdom w/ Cullen Roche
We Study Billionaires - The Investor’s Podcast Network
Why the Markets Aren't as Efficient as They Used to Be
The market really in the long run, if you look at things like even GDP growth, well, you won't find a lot of variance in long term GDP growth. It actually just kind of looks like a steady line from bottom left to top right. In the short term, you have much clearer cyclicality, especially in the short term. The big driver of that is not just debt and borrowing and these sort of things that are related to creating what Dalio would call more of a long term debt cycle.
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