5min chapter

Superinvestors and the Art of Worldly Wisdom cover image

#39: John Hussman On Navigating One Of The Most Overextended Stock Markets Of All Time

Superinvestors and the Art of Worldly Wisdom

CHAPTER

The Risk Management of a Overvalued Market

The S&P 500 had two bubbles. Yet between May 1995 and March 2009, it underperformed T bills in total return. All of these pieces have common denominators: extreme valuations or depressed valuations. The full cycle is why most people know about me; I wouldn't actually have a name if I didn't do enormously well for the first three quarters of my career.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode