3min chapter

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#4: Bill Fleckenstein on Central Banks, Financial Bubbles and White Burgundy

Superinvestors and the Art of Worldly Wisdom

CHAPTER

How to Be a Permabear

I didn't really believe in the environment, so I got shaken. If I believe in something, I can let it go against me a certain amount within a certain construct. So I got off for the attention. It's classic debate fallacy. Rather than dealing with your issues, I'm just going to call you a permabear and write you. Right. You don't hear it at bottoms. No markets are doing well and it's a psychological construct. Instead of dealing with the actual issues that you're presenting with the market. Yeah. Well, I think there's a connotation that you're out there yelling at the rain. You know? And we can use our brains

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