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George Noble: A 20-50% Market Crash Is Coming
Forward Guidance
Is There a Normal Cost of Capital?
What we had was the technology sector just intermediating everything else. These tech stocks went to crazy, crazy valuations. And so when they cracked, there was something else to buy. You could buy Levitt's furniture on six times earnings with a dividend you'll hire in the P.E. Value was really cheap. So I think we have seen a generational peak in valuations"
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