Tech Stocks Got Ahead of Themselves, Ritholtz Says

The transcript covers investment strategies inspired by David Swenson, focusing on the Yale model and the importance of looking where the crowd isn't. It analyzes tech market trends, emphasizing that tech is rarely cheap due to its transformative impact on society. The debate between active and passive investing is explored, highlighting the challenges of timing sector beta and the importance of diversification. Finally, it discusses how bull markets end, often due to policy mistakes, and critiques the political motivations that can harm economic growth.

What was the number one lesson learned from the gentleman from Yale?

How did David Swenson contribute to the field of investing?

What does the speaker mean by 'selling the news' in the context of market trading?

What are the implications of technology transforming society according to the speaker?

What factors does the speaker believe can lead to the end of a bull market?

How does the speaker view the relationship between inflation and the bull market?

What is the speaker's perspective on the motivations of the political class regarding economic policies?