Markets stocks

It’s Good To Be ‘Bigly’ Or, The ‘Perpetual Motion Machine’ At Work

"Like the tech stocks in 2000, this seeming perpetual motion machine is unlikely to work forever."

"Like the tech stocks in 2000, this seeming perpetual motion machine is unlikely to work forever."
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1 comment on “It’s Good To Be ‘Bigly’ Or, The ‘Perpetual Motion Machine’ At Work

  1. Also shows the lack of growth available. 30-40% of the SP500 is probably in secular decline. And growth benefits from lower discount rates. And we get $1.4 Tn mkt caps. So fundamental guys pour into these names, the passive guys have to buy more as they outperform, no one can sell because the investor asks why you sold these great businesses and on and on.

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