26. Is this bull market different? With Preston Pysh
The Bitcoin Standard Podcast
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The Problem With Value Investing Today Is That All of the Measurements Are Defective
The problem with value investing today is that all of the measurements are conducted in a unit that's defective. You know, no matter how much you look at a company's balance sheet, you can't really tell what's going to happen with monetary policy from the cash flows. Like these people in the fixed income space are just, they're, they're literally Alice in Wonderland. They have no clue what’s actually happening versus the fixed rate that they're signing up for on every one of these fixed income contracts.
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