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Paid episode

The full episode is only available to paid subscribers of Capital Flows and Asset Markets

THOSE WHO FAIL TO STUDY HISTORY ARE DESTINED TO OUTPERFORM

Fading equity extremes has become a failed strategy.
6

For professional fund managers, fading extremes was a very successful, if risky, investing and business strategy. At least in my working lifetime, from 1990 onwards, fund managers that faded the extreme of the 1980s Japanese bubble prospered. In 2000s, fading US and tech, while playing commodities and emerging markets worked best. However, trying to fade the US, and particularly US tech, has been foolish for quite some time.

The full video is for paid subscribers

Capital Flows and Asset Markets
Authors
Russell Clark