malkojohn

Hi Ray. Thank you for all the amazing knowledge you are sharing with us.

I know that recently you have downgraded the chances for a recession to 35 % or so. However, i cant stop thinking that valuations of equities are extremely high. Are you worried about this, and would you be more neutral with your portfolios as an amateur investor?

Ray, you usually say that all outcomes are " another one of this". What would you compare the current economic environment with ( year or period of history)?

Thank you Kostis