It is not often you get the chance to listen to Kyle Bass, one of the best global macro analysts, with an astonishingly good track record through the last ten years. So many good points made here.
next 18 months

Dollars Distort Our Understanding of Wealth
Most investors measure wealth in dollars — but what if the ruler itself is shrinking? Since 2000, the S&P 500 is up nearly 5x in dollar terms, yet priced in

