Value Investing World

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Links - 05/24/2022
valueinvestingworld.substack.com

Links - 05/24/2022

Joe Koster
May 24
Share this post
Links - 05/24/2022
valueinvestingworld.substack.com

“Cycles, then, drive markets: three steps forward, two back. Without the alternating rhythms of expansion and contraction, rising prices and falling prices, there would be no movement. In [James] Grant’s terms, ‘A boom is just capitalism’s way of setting up the next bust.’ This is not to say that booms should be regretted. Often they mark a major techno…

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