2min chapter

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Buy the Dip is Dead (EP.288)

Animal Spirits Podcast

CHAPTER

Is the Pandemic a New Regime?

Howard Marks had his letter last week where he basically said, this is a new regime. It's higher inflation. Well, but think about how much the pandemic forced our hand for going beyond zero in certain ways. Robinhood, Reddit, none of that happens without the pandemic. None of it. A&C is down 92% from the highs. Game stops down 77%. Once they start doing bad, you never hear about it anymore.

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