#3: Steven Bregman on ’The Greatest Bubble Ever’ (Passive ETF Investing)
Superinvestors and the Art of Worldly Wisdom
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The Correlation Between Liquidity and Valuation
The idea that liquidity and valuations could be so highly correlated is just evidence in itself that there's something wrong going on in the markets. But also the opportunity that this creates is very interesting too, which I've come across by accident through looking closely at insider activity. All of the enormous flows into ETFs have been funded by the bank, if you will, of actively managed funds,. And active active, active managed equities. How does this change? Well, this is why it's such a huge bubble.
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