Home » 2016 » September

Monthly Archives: September 2016

This time really is different

Since the end of World War II, whenever a Cassandra has warned those who were optimistic, “beware, this time is different,” he or she has ultimately been proven wrong. The on-going growth of the American economy would eventually/inevitably bring logic to the investment process, albeit sometimes after protracted distortions in equity valuations.  And “life as […]

Continue Reading →