Below are some of the most interesting articles, quotes and charts I came across this week. Click here to subscribe to our free weekly newsletter and get this post delivered to your inbox each Saturday morning.
Howard Marks wrote about lessons learned from taking the temperature of the markets.
'Watch for moments when people are so optimistic they think things can only get better, usually expressed in the dangerous view that "there's no price too high". Likewise, recognise when people are so depressed they conclude things can only get worse.' https://t.co/o3mB5x1Dug
— Jesse Felder (@jessefelder) July 10, 2023
Perhaps his piece was precipitated by the hot readings he’s getting right now.
Market timers are more bullish now than at the top of the internet bubble https://t.co/OX9Zb9nnnx by @MktwHulbert pic.twitter.com/pnU7pai83c
— Jesse Felder (@jessefelder) July 11, 2023
For a number of reasons, it would appear to be an opportune time to be a contrarian.
"If there was ever a time when we don't want to look like everyone else, we believe that time is now." https://t.co/gj2EkNmNIQ pic.twitter.com/w6FyX6bU21
— Jesse Felder (@jessefelder) July 12, 2023
Speaking of contrarians, this guy may be the best of all time.
While many other investors run away from fossil fuels due to ESG and climate change concerns, Warren Buffett is doubling down.
The latest is a $3.3 billion for a LNG export facility. He already has big stake in $CVX, $OXY and the Japanese trading houses. https://t.co/f7bVnVrsDG
— Javier Blas (@JavierBlas) July 11, 2023
And this guy literally wrote the book.
'Maybe the pandemic wasn't some sort of great tech accelerant. Maybe it was a high-water mark for a certain kind of business and a sign that we may have found the limit to how much time humans can spend looking at a glass rectangle.' https://t.co/wn2Sysr74F
— Jesse Felder (@jessefelder) July 13, 2023
Thanks for reading and have a great weekend!
