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Podcast: Inflection Point
Episode: Grant Williams & Pippa Malmgren: The End of Magical Thinking, When Narratives Fail
Description: On today's episode of "On the Margin", Grant Williams & Pippa Malmgren join the show for a discussion of "the end of magical thinking"."The end of magical thinking", a term phrased by Grant to describe the illusion cheap money allowed for in 2020/21 as markets ignored fundamental valuations and speculation became rampant. Now with inflation, and the Fed tightening at their fastest rate in 40 years to fight inflation, reality has set back in for investors and now we must take a hard look in the mirror to understand what the best ways to protect our...