Bubble Dynamics and Market Crashes
To paraphrase one of the great gems of Wall Street wisdom, “Nothing infuriates a man more than the sight of other people making money.”
My bad bitcoin advice
“Thanks a lot for your advice on bitcoin. Have you invested anything in cryptocurrencies?”
Goldman gloom…and a tale from Iceland
“We are nearing the longest bull market for balanced equity/bond portfolios in over a century, boosted by a ‘Goldilocks’ backdrop of strong growth without inflation. A 60/40 (equity/bond) portfolio has not had a drawdown of more than 10% since the great financial crisis,” says Goldman Sachs’ equity strategist Christian Mueller-Glissmann.