These 3 Big Investing Forces Are Merging for the First Time
Do you know who said, “If I had asked people what they wanted, they would have said faster horses.”Q3 2020 hedge fund letters, conferences and moreIt’s attributed to Henry Ford, inventor of the first mass-produced car. Ford knew an important truth: People have no clue what they really want until you show it to them.That’s because of “faulty wiring” in the human brain. We humans default to thinking “linearly.” We’re good at observing what’s happening today and extrapolating it to tomorrow, which lets us anticipate small, slow, incremental changes.But when something BIG changes in the markets an...