4min chapter

The Compound and Friends cover image

The Year of the Rug Pull

The Compound and Friends

CHAPTER

What's the Biggest Thing of the Year?

The value has outperformed growth by I think 20% or so year to date, biggest spread since the back on bust. Could this go on for multiple years? It makes sense. Jerome Powell did an interview where they asked him about valuations and he said in a zero interest rate environment, valuations don't matter. These companies have real businesses, real assets, real growth.

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