Think the Bubble Popped? Wrong.

“People are always asking me where the outlook is good, but that’s the wrong question. The right question is: Where is the outlook most miserable?”

– John Templeton


RESEARCH

 

AQR – The Bubble Has Not Popped (2 pages)

Cliff Asness provides a few links that chronicle AQR’s updates on the value spread:

Source: AQR


J.P. Morgan – Guide to the Markets 1Q 2023 (71 pages)


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BONUS CONTENT

 

Dan Rasmussen on risks to venture capital: “There are three ingredients to a financial crisis: consensus optimism, leverage and illiquidity. And private markets exhibit all three characteristics.” Link


Joachim Klement on the importance of an open mindLink


Binance has red flags everywhere. Link


Bloomberg has a great layout of what Wall Street expects in 2023. Link


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PODCASTS
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The Annual Milly Awards: The Winners, The Losers And Everything In Between – With Andrew Wilkinson
[12/30/22 – 113 minutes]
Apple | Spotify | Google

Shaan Puri, Sam Paar, & Andrew Wilkinson share their:
– Best investment of the year
– Worst investment of the year
– Relationship Hack of the year
– Unsexy business of the year
– Wild predictions for 2023

 

From The Episode:
“Never wrestle a pig. You’ll both get dirty but the pig will enjoy it.


James Clear on How to Build Better Habits
[12/30/22 – 60 minutes]
Apple | Spotify | Google

Clear is the best-selling author of Atomic Habits, and joins Ryan Holiday to discuss practical ways to shift your internal narrative, how to begin and maintain productive habitual action, being flexible with your goals as you set and achieve them, and more.

 

 

 

 


Bill Lenehan: Investing in Commercial Real Estate
[12/6/22 – 76 minutes]
Apple | Spotify | Google

Lenehan is the CEO of Four Corners Property Trust, a listed REIT.  He discusses the state of the real estate market, and the impact of post-COVID trends like lower office space utilization, more considerations around climate change,  and higher interest rates.

 

 

 


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