"In bubbles, investors treat the leading companies - and pay for their stocks - as though the firms are sure to remain leaders for decades. Some do and some don’t, but change seems to be more the rule than persistence."
“Gold is more like a currency than a commodity.”
“Tariffs are just a signal of non-competitiveness."
“You honestly feel like you’re seeing stuff wrong sometimes. You have to check the scaling on your graphs because prices are moving so quickly. It’s just a constant stream of bells and popups on the desks right now. Automated messages like risk limits and risk alerts. It’s maximum overstimulation, maximum dopamine saturation.”
“Gold is more like a currency than a commodity.”
“Tariffs are just a signal of non-competitiveness."
“You honestly feel like you’re seeing stuff wrong sometimes. You have to check the scaling on your graphs because prices are moving so quickly. It’s just a constant stream of bells and popups on the desks right now. Automated messages like risk limits and risk alerts. It’s maximum overstimulation, maximum dopamine saturation.”