, isn't coy about sharing his thoughts about an economy he sees less depictive of reality with each passing day. The genesis of his thinking stems from the very institutions that helped rescue the globe from economic disaster: central banks.
"Businesses whose value is not grounded in physical assets or labor become more desirable: assets that do not show up financial statements, such as brand name, access to customers' data, or a base of captive users are the drivers of value in the age of free capital," he wrote in a recent note to clients.
The intangible portfolio starts to outperform the tangible portfolio in 2016 — a phenomenom that is still continuing today."Owning tangible capital is no longer an advantage when capital is free," Deluard said."The best-performing stocks are immaterial businesses with no tangible capital and few workers."
Lol he must have shorted Took me a few weeks to realize the markets were insane. And it's been insane profit since then
Computer traders are going to send the market to insane highs before a crash which will just be a buying op/
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