By Brian Chingono of Verdad
| The smash-hit Netflix series, Stranger Things, chronicles mysterious events that emerge from an “Upside Down” version of our world. Perhaps the stock market’s behavior over the past ten years will be featured in the show’s next season? |
| Think back to the summer of 2010. The global economy was emerging from a crisis that was triggered by overpriced real estate. Imagine you had received a call at that time from a fund manager, pitching a new investment strategy. “Never mind the fact that speculative purchases of expensive assets caused the last market crash,” explains the caller. “We have a great new strategy for the next decade: buy the most expensive stocks with the lowest profitability.” How would this speculative strategy have performed over the next ten years? Turns out… read more |