#39: John Hussman On Navigating One Of The Most Overextended Stock Markets Of All Time

1

Introduction

00:00 • 2min

2

How I Learned to Invest in the Stock Market

01:44 • 2min

3

How to Find a Location That Feeds Your Mission

04:04 • 4min

4

The Transition to Finance

07:41 • 4min

5

The Value Conscious Full Cycle Investment Discipline

11:58 • 2min

6

The Value Conscious Part of Investing

14:02 • 6min

7

The Risk Management of a Overvalued Market

19:33 • 5min

8

The Infinite Recursion Problem

24:07 • 3min

9

The Value of Forward P Ratios

26:47 • 2min

10

The Price to Peak Earnings Ratio

28:46 • 6min

11

The Relationship Between Valuation Ratios and Returns on the Market

34:19 • 3min

12

The Extremes of the Market Right Now

37:05 • 3min

13

How to Get Rid of Zero Interest Hot Potatoes

40:14 • 3min

14

The Fed's Guarantee of Below Average Long Term Returns

43:14 • 3min

15

How Sensitive Is the 5.5% to Small Changes in Valuations?

46:26 • 4min

16

The Risk of a Dislocation in the Market

49:57 • 2min

17

The Overextended Syndrome

52:16 • 2min

18

The Role of Signal Extraction in the Overvalued Market

54:46 • 4min

19

The Importance of Valuation in Long Term Returns

58:40 • 6min

20

The Importance of Noise Reduction in Stock Market History

01:04:13 • 4min

21

The Role of Signals in the Market

01:08:07 • 3min

22

The Importance of Margin Debt

01:10:58 • 5min

23

The Consequences of Speculation in Animal Spirits

01:15:43 • 3min

24

The Importance of Containment in the United States

01:18:40 • 4min