Irrational Market Exuberance Is Dying a Painful Death: Devitt - BitcoinEthereumNews.com
KabuhayanAng Irrational Market Exuberance ay Namamatay sa Isang Masakit na Kamatayan: Devitt04 / 30 / 2022Balita ng Ethereum ng Bitcoin (Bloomberg) — Former Federal Reserve Chairman Alan Greenspan famously used the phrase “irrational exuberance” to describe the euphoric investor sentiment that sent tech stocks soaring in the late 1990s. Everyone knows what happened next. Karamihan Basahin mula sa Bloomberg Now, history seems to be repeating itself, as some of the disruptive and inovative companies that were market darlings during the time of pandemic lockdowns are being clobbered by a “dose of realism,” said Aoifin Devitt, chief investment officer at Moneta, which oversees more than $32 billion in assets. Devitt joined “What Goes Up” to expound on this and more. Below are lightly edited and condensed highlights of the conversation. Click here to listen to the whole podcast, and subscribe on Apple Podcasts or wherever you listen. Q: I want to ask you about the nature of defensive stocks — how do you play defense in this stock market? A: Ultimately, the way to be defensive at a portfolio level is to have a well-diversified portfolio. And by that I mean across all asset classes, including bonds, including alternatives, including cash-flow generators, including real assets. And that