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Dr. David B. Collum - The Great Bamboozle: Shattering Denial & Facing the Truth

The Bitcoin Matrix

CHAPTER

The Recency Bias of the Markets

In 1980 ish, what was the what what teed up the markets to have a great run? Well, first and foremost, the boomers and the entered the workplace. The Chinese came out of the dark ages, basically, and they sold labor for pennies on the dollar. On top of all that, the ratios were at six. And it turns out that the valuations compounded three and a half percent a year for 40 years.

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