Scenarios

At a time in which bonds are no longer bonds but rather tax bills, and equities are as expensive as washing machines going on auction at 50 thousand dollars, what role is left to play for us rationale investors?

At a time when machines dominate 90% of daily trading flows, are pitted against other machines to extrapolate a non-existent alpha, and a passive or quasi-passive true nature infected most brands of investing, what role is left to play for us humans?

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