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Chris Bloomstran - An Update on Public Markets - [Invest Like the Best, EP.171]
Invest Like the Best with Patrick O'Shaughnessy
I'm Not Sure if It's a Good Time to Invest in a Company, but I'd Like to See It in the Long Run.
The places where you still have enormous upside are businesses that were destined to fail. In a lot of cases, they're still cheap even though they're up fifty per cent to a hundred per cent off their loads. The only way to deal with these kinds of debt levels is deflation,. which comes with austerity in the form of lower wages....
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