Central Bank Craziness Makes Pricing Risk Anomalous: Michael Holland

Michael Holland discusses investing with caution due to market anomalies caused by central banks, drawing parallels to the 1970s. He questions how to deal with the Fed's influence and negative interest rates, which challenge traditional economic theories.

What is the Shiller thesis and how does it influence investment decisions?

How does the speaker describe their approach to investing in the current market conditions?

What historical market phenomenon does the speaker compare the current market to?

What challenges does the speaker mention regarding negative interest rates?

In what way does the speaker feel the current economic situation is an embarrassment to their profession?