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Markets don’t price mining districts in real time. They ignore them, then slowly re-rate them, then suddenly behave as if the opportunity was obvious from the start.

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Futures Slide As Tech Tumbles, Korea Crashes

“Some of the recent performance in stocks has been highly speculative, fueled by a passion from retail investors for short-term gains. We may not like it this morning, but actually it’s healthy behavior."


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MSFT in a bear market. AMZN at all-time-low valuation. A closer look at the recent carnage.

Luxury Faces A Moment Of Truth As War Clouds Clear

“Factors such as subdued Chinese demand, war in the Middle East and brand fatigue after the boom years of 2020 to 2023 are all contributing to the lackluster earnings growth”


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