“It is said that bull markets always climb a ‘wall of worry’ as the cautious are left behind while the intrepid get ahead and the reckless lead the pack. But the opposite may also be true—bear markets must inevitably descend a mountain of overconfidence and hubris.” —Seth Klarman
Links - 09/16/2024
Links - 09/16/2024
Links - 09/16/2024
“It is said that bull markets always climb a ‘wall of worry’ as the cautious are left behind while the intrepid get ahead and the reckless lead the pack. But the opposite may also be true—bear markets must inevitably descend a mountain of overconfidence and hubris.” —Seth Klarman