But machines and algos know everything about price and nothing about value:
In the U.S. and Japan, the equity risk premium has been squeezed so hard that stocks barely compensate investors for taking on additional risk relative to bonds. Historically, such periods have eventually reverted not to the benefit of those chasing equities. h/t @ISABELNET_SApic.twitter.com/hs1Ez3br8w
Doug Kass is a world-renowned hedge fund manager with decades of experience and success navigating through some of the most turbulent periods in market history. He is known for his time-tested analytical skills and ability to look past the current noise and herd mentality.
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