And luckily, the brave people at Value Walk have had a hand on it. So you can follow this link and go and read it.
If you don’t know Greenlight Capital and its founder David Einhorn, you can watch the following video where he presents his investment style. He really his a brilliant mind in investing, someone you should listen to. A younger Warren Buffett of some sort 🙂
h/t to Value Investing World for spotting it.
According to Investopedia a « melt-up » is a « A dramatic and unexpected improvement in the investment performance of an asset class driven partly by a stampede of investors who don’t want to miss out on its rise rather than by fundamental improvements in the economy. »
This is exactly what could happen to financial markets, according to veteran value investor Jeremy Grantham. Continuer la lecture de « Are We on The Verge of Final Melt-Up Before the Next Krach ? Jeremy Grantham Thinks So »