#39: John Hussman On Navigating One Of The Most Overextended Stock Markets Of All Time
Superinvestors and the Art of Worldly Wisdom
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The Overextended Syndrome
When people are inclined to speculate like they were you know in the advance toward the 1929 peak and Roger Babson several years in a row said, well it crashes coming in a maybe tremendous. In the year, 1929 he was right. And it the subsequent crash easily made his prior concerns correct even though they were quite early. You know and if we look back at 1987 same thing was true you had valuations that were quite high relative to the prior 2020 or period. But they kept on going up. We certainly saw that in the late 90s. And so finally, you know, when we were about in 2006 2007. I thought, you know,. I'm a value guy but I
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