The stock market is a complex, adaptive system with feedback. The reason it clears most of the time is because people have very different expectations and desires from participating in the stock market. That changes when feedback turns into what i call an information cascade. And that information ca askade is mymetically so powerful that people's opinions become homogeneous. I think that when that happens, you're talking about the end of a bubble or the beginning of bad things.
In this episode of Infinite Loops we speak with Dan Rasmussen, founder and CIO of Verdad Advisers. We discuss:
- Bubbles vs. Crises
- Investing in Emerging Markets
- Identifying when "value investing" works, and when it doesn't
- Theory vs. Practice
- And a LOT more!
Follow Dan on Twitter at
https://twitter.com/verdadcap and learn more about Verdad Advisers here:
https://verdadcap.com/