Continued from part one…. After a brief discussion on the level of the market — all three traders agreed that the market was overvalued and expensive — the panel then took some questions from the audience. Steinhardt – Q&A session One of the first questions asked was: “Could you comment on whether you think 20 years ago, it was a lot easier to make a buck that it is today?” Steinhardt replied that he believed it had become harder to trade in the two decades preceding the interview. The market had moved away from long-term investing, instead becoming obsessed with…
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