wonderful insights, but I think, eventually when the active managers can not provide enough liquidity to support the market, central bank is going to swoop in and save the day. So far, the Fed can only hold MBS and Treasuries. Eventually, Fed is going to be able to hold corporate debts.
@kaos0922 жыл бұрын
Can anyone explain what he means when he says instead of owning 40% bonds and 60% equities you now own 100% bonds and 100% equities? I understand the part about bonds creating a synthetic put on equities, but the rest is lost on me. Is he saying that people are leveraging their bonds to buy equities?
@davidwilkie95512 жыл бұрын
WYSIWYG.., what you think you see is a "nail", if you're expected to know the precise specific answer to an "examination" question, but what you get is whatever dopamine reward you have been programmed or trained for, accurately speaking.
@gaillewis54722 жыл бұрын
My professors were never this interesting.
@joseph.bkazmi3 жыл бұрын
The way Mike so eloquently explained why interest rates don't matter when discounting equities left me with a long pause...
@sejongchun83503 жыл бұрын
Brilliant presentation. Mr. Green has further elaborated his thesis in various interviews.
@DarkPegasus873 жыл бұрын
The problem with experts is that they're human with very human shortcomings. Even with those who may know the truth, they aren't guaranteed to have a strong ethical core. As such, they can be bought and their knowledge is worthless.
@eleanornelson58103 жыл бұрын
The older I get, the more comfortable I feel saying “I don’t know”.
@kennethcaldwell793 жыл бұрын
I don't have evidence but it appears that more and more people are buying individual stocks these days usually platforms like Robin Hood. How does this play into this index fund scare?
@moneyobsessed3 жыл бұрын
thats pocket money, who has hundreds of grands invest in etfs or mutual funds
@ControlTheGuh3 жыл бұрын
Curious to see him update this thesis with the current retail run in the stock market
@Zlaylowz3 жыл бұрын
Thank you Mr. Green. Goddamn brilliant.
@Baklau0073 жыл бұрын
"We will encounter some sort of cyclical event during which corporate profitability deteriorates.... *COUGH, COUGH* excuse me" Uncanny foreshadowing. 35:20
@fallenangel21234 жыл бұрын
High level GIBBERISH
@mkaberli4 жыл бұрын
Really? Please give me one example and explain why you consider it to be gibberish. The onus is on you. Just because you can’t understand the concepts, doesn’t mean they’re gibberish.
@fallenangel21234 жыл бұрын
@@mkaberli This is not a "market" - it's actively managed, actively watched etc. Most of what he says is irrelevant
@ControlTheGuh3 жыл бұрын
@@fallenangel2123 lol you must be in another market than I am. May want to read up how passive is doing buy and sell decisions
@fallenangel21233 жыл бұрын
@@ControlTheGuh I was talking about the "stock market" - NOT the "bond market", "currency..." or "commodity..." (I don't really care about which one is "yours")
@fallenangel21233 жыл бұрын
@@ControlTheGuh ... "... buy and sell decisions ..." this one is easi - SELL the rallies and BUY the dips
@chetanshenoy30934 жыл бұрын
Under appreciated thesis but highly relevant, as we will see in the future years.
@alexanderalejandre2414 жыл бұрын
Brilliant.
@AgentOffice4 жыл бұрын
No one's going to be able to do price discovery when you're fighting passive
@anonymousAJ2 жыл бұрын
Don't fight it. It's value time.
@AgentOffice4 жыл бұрын
Dead on
@Foekcisoqnfis134 жыл бұрын
[14:12]Feb 2018, comovement, # of stocks moving in the same direction hit 100 %. It happened again in December.
@jacobsteenhuysen75264 жыл бұрын
WELL, he was right
@ratnac90364 жыл бұрын
Interesting video - damn shame the camera guy did not realise he should focus on the graphs.