stock market
Equities as a whole: what returns have been, whether prices carry information, and what attention does to them.
FilterEveryone, all time
- BC
Ben Carlson quoted
Our readingRising concentration in the stock market is a feature of bull markets rather than a warning sign.
Their wordsStock market concentration is a bull market phenomenon.
↗It’s a Concentrated Worldawealthofcommonsense.com 1st of 3 in this piece
- BC
Ben Carlson quoted
Their wordsEven if AI makes the pie grow bigger, it feels like a better bet that it will only increase the level of concentration in the stock market and economy if the past is a good predictor of the future.
↗It’s a Concentrated Worldawealthofcommonsense.com 3rd of 3 in this piece
- 10 days earlier
- BC
Ben Carlson quoted
Their wordsOccasional downturns in the stock market are perfectly normal. You have to get used to losing money if you want to survive the stock market.
↗10 Things You Need to Know About Investing in Stocksawealthofcommonsense.com 1st of 3 in this piece
- BC
Ben Carlson quoted
Their wordsThere is no such thing as an average experience in the stock market until you’ve been investing for a very long time.
↗10 Things You Need to Know About Investing in Stocksawealthofcommonsense.com 2nd of 3 in this piece
- BC
Ben Carlson quoted
Their wordsBut if you think about this another way, there have only been three non-overlapping 30 year periods in modern stock market history.
↗10 Things You Need to Know About Investing in Stocksawealthofcommonsense.com 3rd of 3 in this piece
- 2 days earlier
- NM
Nick Maggiulli quoted
Our reading · no longer heldThe froth visible in US markets in 2025 was the 2021 mania returning, and reason enough to take risk off.
No longer holdsSince then U.S. stocks are up 16% (total return) and my bearish prediction turned out to be misguided.
SaidMy issue wasn’t that the parallels didn’t exist—they did. My issue was that much of the speculative stuff of 2021 ended up failing (NFTs, DeFi, etc.) while much of the speculative stuff of 2025 (AI) seems to be succeeding.
↗Why I Was Wrong to Be Bearish on U.S. Stocksofdollarsanddata.com 1st of 5 in this piece
- NM
Nick Maggiulli quoted
Their wordsTherefore, the only correct interpretation of the P/S ratio over the last decade is that it doesn’t signal what it used to.
↗Why I Was Wrong to Be Bearish on U.S. Stocksofdollarsanddata.com 2nd of 5 in this piece
- NM
Nick Maggiulli quoted
Their wordsthe base rate for U.S. stock performance (in aggregate) over one year is that they go up
↗Why I Was Wrong to Be Bearish on U.S. Stocksofdollarsanddata.com 3rd of 5 in this piece
- NM
Nick Maggiulli quoted
Their wordsit’s better to have a portfolio that can handle stocks whether they are overvalued or not
↗Why I Was Wrong to Be Bearish on U.S. Stocksofdollarsanddata.com 4th of 5 in this piece
- 3 months earlier
- DS
Dan Shipper quoted
Our readingSaaS stocks are a buy right now.
Their wordsSo, this is another good prediction. I would buy SAS stocks right now.
↗AI predictions: Job markets, Codex beats Claude, and the death of org charts | Dan Shipperyoutube.com 11th of 24 in this recording
- 9 months earlier
- BT
Bret Taylor quoted
Their wordsIf you look at the S&P 500 now and you look at the amount of value from companies created in that, one could argue that actually almost all of the exuberance and hype was totally warranted and it in fact did change commerce in fundamental ways.
↗How is AI Different Than Other Technology Waves? (With Bret Taylor and Clay Bavor) [ACQ2]youtube.com 2nd of 22 in this recording
- 11 months earlier
- CA
Cliff Asness quoted
Their wordsI argue that over the past 30+ years markets have become less informationally efficient in the relative pricing of common stocks, particularly over medium horizons.
- 6 months earlier
- BA
Bill Ackman quoted
Their wordsPeople tend to get excited about investments when stocks are going up and they get depressed when they're going down. And I think that's just inherently human. You have to reverse that. You have to get excited when things get cheaper and you got to get concerned when things get more expensive.
↗Bill Ackman: Investing, Financial Battles, Harvard, DEI, X & Free Speech | Lex Fridman Podcast #413youtube.com 8th of 22 in this recording
- BA
Bill Ackman quoted
Their wordsThere are very few that earn their keep in terms of the fees they charge. They tend to be too diversified and too short-term. And you're often much better off just buying an index fund.
↗Bill Ackman: Investing, Financial Battles, Harvard, DEI, X & Free Speech | Lex Fridman Podcast #413youtube.com 10th of 22 in this recording
- BA
Bill Ackman quoted
Their wordsAnd what activism has done, and I think we've helped lead this movement, is it restored the balance of power between the owners of the business and the management of the company. And that's been a very good thing for the performance of the US stock market actually.
↗Bill Ackman: Investing, Financial Battles, Harvard, DEI, X & Free Speech | Lex Fridman Podcast #413youtube.com 13th of 22 in this recording
- BA
Bill Ackman quoted
Their wordsSo we at Pershing Square short a very few stocks. And the reason for that is short selling is just inherently treacherous.
↗Bill Ackman: Investing, Financial Battles, Harvard, DEI, X & Free Speech | Lex Fridman Podcast #413youtube.com 16th of 22 in this recording
- 19 months earlier
- NS
Noah Smith quoted
Their wordsKnowing this research, I should have emphasized the possibility that Gamestop would stay overpriced for a long time.
↗Four things I got wrong since I started this blognoahpinion.blog
- 8 years earlier
- CB
Chris Blattman quoted
Their wordsYou can think of cash transfers like the index fund of development (making GiveDirectly the Vanguard).
↗Are cash transfers overrated?chrisblattman.com 2nd of 5 in this piece