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The Importance of Sentiment in the Market
I've always been a big fan of human nature in general. And, you know, I think that people will always be scared at lows and always be happy at highs because that's how we are in our lives. What does that say about this huge push to passive investing that we're seeing? It's kind of the idea. There's a lot of complacency. You know, everybody always talks. Oh, there's a bubble here. There’s a bubble there. I really believe there'm a bubble in ETFs. Would I be able to time it? No. But are there too manyETFs? Yes. The market is effectively pricing all the information out