Title: Value Investing Legend Sees Bubble "Like No Other" Bursting In "Weeks Or Months" Source:
[None] URL Source:https://www.zerohedge.com/markets/v ... other-bursting-weeks-or-months Published:Oct 23, 2020 Author:Tyler Durden Post Date:2020-10-23 19:41:24 by Horse Keywords:None Views:303 Comments:6
"My bet is that reality will catch up with the high P/Es... it is a matter of weeks or months, not years..."
“The most dangerous man to any government is the man who is able to think things out... without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable.” ~ H. L. Mencken
I bought Rolls-Royce (RYCEF - Jet engines, not cars) a couple months ago at 2.92, it dropped to like 1.50 three weeks ago but has bounced back. I bought it because it was at 5-year low (was at 20.13 six years ago), I figured it was because COVID, no one is traveling, no need for jet engines. I'm going to ride it out.
Ordered a pizza from Papa John's four hours ago, app said 33-42 minutes. After three hours I called the store and received an apology and a promise of a fresh, hot pizza. After another hour, same call, same promise, still no pizza, same negro manager...
“I am not one of those weak-spirited, sappy Americans who want to be liked by all the people around them. I don’t care if people hate my guts; I assume most of them do. The important question is whether they are in a position to do anything about it. My affections, being concentrated over a few people, are not spread all over Hell in a vile attempt to placate sulky, worthless shits.” - William S Burroughs
“The most dangerous man to any government is the man who is able to think things out... without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable.” ~ H. L. Mencken
Never had a problem with Papa John's before. I already paid for pizza online. Still hungry, no pizza. Diversity is our strength, lol.
“I am not one of those weak-spirited, sappy Americans who want to be liked by all the people around them. I don’t care if people hate my guts; I assume most of them do. The important question is whether they are in a position to do anything about it. My affections, being concentrated over a few people, are not spread all over Hell in a vile attempt to placate sulky, worthless shits.” - William S Burroughs