• Mar 22, 2023
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  During bear markets, you see these declines, and they don't always make sense fundamentally, because you have active and passive managers who have to do things they don't want to do. Deleveraging. "Hall of mirrors." - Mike Wilson

  
  

  So you see something that looks attractive and it might be a headfake.
  

  
  

  
  
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  <div>During bear markets, you see these declines, and they don't always make sense fundamentally, because you have active and passive managers who have to do things they don't want to do. Deleveraging. "Hall of mirrors." - Mike Wilson</div><div><br></div><div>So you see something that looks attractive and it might be a headfake. <br></div><div><br></div><div><br></div>

  During bear markets, you see these declines, and they don't always make sense fundamentally, because you have active and passive managers who have to do things they don't want to do. Deleveraging. "Hall of mirrors." - Mike Wilson

  
  

  So you see something that looks attractive and it might be a headfake.
  

  
  

  
  

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