MAEDHROS GLOBAL ALLOCATION REPORT
Today I was digging for some info on ‘money market fund’ and came across the following paragraph:
Im resisting anyway, because I feel my valuation about them is not faulted and in time the market will realize the absurdity to pay those obscene multiples f or those businesses. … Benchmarks S&P 500 -14,17% (ytd return) Third Avenue Value Fund -17,99% (ytd return)…The answer is once more that its not our job to time the market. … In our age of global fiat monetary system the banks sit at the right hand of the money creators and partecipate in that creation;…
source: MAEDHROS GLOBAL ALLOCATION REPORT, Maedhros Global Allocation Report
Not exactly what I was looking for, nevertheless still a interesting read.