AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
What's the Common Thread in These Past Markets?
In every bubble period, it takes five to ten years before those stocks basically correct enough. I remember in 19 82, we bought i b m and ab products under ten times earnings with a big yield. And they had been, you know, ten years before, they were at near 60 times earnings and 50 times earnins. So that's been the common thread in these past markets. What we have now is the sort of period of fixsigr gont have a hard time avoiding staglation. Indstrates are going up, a lot of factors are going to higly put a lid on the market growth. You may go through a period of staclation.