This Bull Market Is Crushing History — Here’s Why Investors Shouldn’t Think It’s Over

This Bull Market Is Crushing History — Here’s Why Investors Shouldn’t Think It’s Over

Three and a half years of rate hikes, inflation scares, and recession warnings failed to stop this rally, and Goldman Sachs just revealed exactly where it stands against nearly a century of bull market history.

Seth Klarman vs Bull Market Psychology: Why Prudence Looks Foolish Until It Doesn’t

Bull markets do something more corrosive than make people greedy. They make prudence look falsified. The investor who buys expensive assets keeps getting paid. The manager who refuses them keeps producing explanations. One has a rising account balance. The other has a valuation model, a downside case, and the increasingly haunted expression of someone who has spent three years being technically defensible and socially unbearable. That is the rea…