They say valuation doesn’t matter, until it does.
You can't fight gravity; at some point, this will return to zero.
"Ah, but P/S is no longer a useful metric"
Until it is, again. pic.twitter.com/Rz4dimoZBZ
— Guilherme Tavares (@i3_invest) April 1, 2025
2018, 2020 or 2022? pic.twitter.com/qXZph4eTpO
— Guilherme Tavares (@i3_invest) April 2, 2025
Another weird thing going on here:
The allocation in equities remains very high, while sentiment is extremely negative. The sentiment is not matching allocation, and imo this won't end well.
At some point, reality will knock on the door. https://t.co/fHBs41RuQ1 pic.twitter.com/oDJngjluCk
— Guilherme Tavares (@i3_invest) March 19, 2025
Probably nothing. pic.twitter.com/ePSMW0lz4a
— Guilherme Tavares (@i3_invest) April 3, 2025