The crash of 2020 seems interminable, but we believe the decline has ended abruptly around last week’s lows.
“The main purpose of the stock market is to make fools of as many men as possible.”
"The best players in this kind of market have not passed their twenty-ninth birthdays. This is a Kids’ market."
The boom in day trading, the birth of rolling funds, and the rise of blank check companies all point to one thing: the greed tide is beginning.
We are only at the beginning of the process of price discovery and unlocking value in wholly new asset categories. An orgiastic future awaits us.
A bull market lasts years. A buying panic ends sooner. Just as quickly as the symptoms set in, we can feel the sensations gradually subsiding.
Once again, we are pushing the boundaries of mesospheric ego and logic. The billionaire space race is more important than you think.