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Is There a Prominent Role for Valuation in Your Strategy?
We don't try to call these cycles with any sort of precision, but we may be nearer a syclical peak. Everyone to day is investing huge amounts of money. And that, historically, has been a red flag and signalled that we're likely to go through a period where supply catches up in the short term or even surpasses what demand is. But you're seeing definitely some increasing signs that supplys should be catching up in the next twoo years. I hearyo, i don't call tops either. No tops, no bottoms. No predict but but you're identifying the risk,. You know, cycles happen, and this looks like it's in a lot