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Financial Times/Katie Martin
Repost from 1-27-2021
“Screaming stock rallies and wild speculation by have-a-go amateur investors are stirring concerns among market veterans over a bubble to rival anything seen in the past century.”
USAGOLD note: Money managers, no doubt, are being asked in droves: “How do we hedge it?” One thing to keep in mind is that it’s not only the market that could break down but the brokerage firms that service it – in which case the investor in many instances is at the mercy of the web portal housing his or her accounts even if one’s advisor is able to structure some sort of derivative solution. The best way to hedge the system is not with more of the system’s paraphernalia, but with something that stands outside it – purchased preferably far in advance of the bubble bursting. First and foremost, do not allow yourself to be grouped without hope of a better result among Klarman’s frogs.
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