Hard to argue with the clarity here. This framework reshaped how I interpret post-2008 market behavior—where price now seems more like a function of capital inertia, index autopilot, and central bank policy than true economic value. Brilliant article. Grateful for the perspective.
Hard to argue with the clarity here. This framework reshaped how I interpret post-2008 market behavior—where price now seems more like a function of capital inertia, index autopilot, and central bank policy than true economic value. Brilliant article. Grateful for the perspective.
Thank you, PK! Really appreciate the thoughtful comment!