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Are Stocks Cheap? (EP.312)

Animal Spirits Podcast

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Matthew Ball's Essay on the S&P 500

Matthew Ball wrote about the bets that Big Tech has been making in hardware and just how expensive they are. If you go past 8,000 words, you've crossed over the Rubicon; it's an article or piece. No companies in the 70s or even the 90s were able to do what Apple and the like are able to do. So, for example, he said from the debut of the iPhone, "We've never seen anything like this"

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