What to Do When Markets Become Casinos and Logic Goes Out the Window
I had a gloves-off conversation with legendary investor George Noble. From the potentially-imploding AI bubble to the massive opportunities he sees in energy and resources, George dropped take after take that might make you rethink everything happening in the markets right now.
Source: Peak Prosperity
―
DW NOTE
Noble's thesis that chronic underinvestment would spike energy prices might want to check the scoreboard. Oil is up 15% in a week but still 26% below its yearly high — four and a half months into what the IEA called the worst supply disruption in history. Either the market doesn't believe Hormuz stays shut, or demand destruction is real enough that even losing the world's critical chokepoint can't hold a rally.