Rhymes and Reasons

People who spend enough time in and around the financial markets learn important (and often painful) lessons. One is that market history doesn't necessarily repeat itself, but rhymes a lot! Something that sounds familiar right now is the frenzy surrounding Artificial Intelligence (AI). Investors are all aboard the hype train. Just look at the AI … Continue reading Rhymes and Reasons →

Same Old Dance Moves

Every decade or two financial markets enter a state of what Alan Greenspan called "irrational exuberance." These periods are characterized by markets that defy logic and reason. The time changes but the narrative repeats. "We've entered a new paradigm." "Old investing rules no longer apply." And of course, "Things are different this time." In the … Continue reading Same Old Dance Moves →