Our readingWhat is a korrent?
Leverage in the AI build-out is neither to be applauded nor feared; what matters is how much debt there is and what backs it.
Drawn from what Howard Marks said
Subjectinvesting
What this subject means
investing Putting money into markets on purpose: what a portfolio is for, whether active management earns its cost, and what money is actually a means to.
Mental modelLeverage
In the views oninvestingunder our view: Nobody can tell whether the AI boom is a bubble while it is still inflating