3min chapter

The Compound and Friends cover image

Once Upon a Time in Boston

The Compound and Friends

CHAPTER

The Bear Market Is Going On. Is It a Lottery?

The bear market has been going on for 14 months. It reminds me, in many ways, of the 19 94 cycle. If you're down 66 % in arc, i don't think you're doubling, tripling down. New money only chases with working, but somting. But that's anga to your earlier point about why would people still sell bonds?

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