Discover and read the best of Twitter Threads about #madnovember

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/THREAD/ Inspired by @shortl2021 viral thread, I decided to write up a journal entry to begin #MadNovember. I argue we have reached a point that demands a philosophical view, acknowledging value is metaphysical
vincentpalumbosmith.substack.com/p/the-investin…
2. The fact @shortl2021 went viral is a revealing sign. His views haven't changed but didn't resonate until now. Why? He has the evidence from folks like @InvariantPersp1. @mollyesque has similar claim about why 21st century populists succeeded where 20th century pioneers failed Image
3. The hook is an eloquent quote I regard as the trouble with financial markets. They are nearly reasonable, but not quite. Grantham and @hussmanjp would say market is good indicator of fair value at times, but deviates in both directions just as often
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