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Because everyone knows that there’s no where else to go.
by ares623 1y ago
Because everyone knows that there’s no where else to go.
- rhetocj23 1y agoExactly. The opportunity set isnt large. The best play for all portfolio managers is to froth up the stock price and take their returns later. Everyone knows this a bubble but the returns at the end of this of those who time it are juicy - portfolio managers have no choice to be in this game because those who supply the money they invest on their behalf, demand it. Its that simple.