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clock Created with Sketch. 07/01/23
16:15
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Originally posted by JeanLDD:
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I find it very interesting that some of the talk by HD in the months prior to Covid there was a lot of talk about inflation, bubbles in investment markets and particularly overzealous valuations in tech stocks. Despite the fund being dominated at the time by many of these absurd P/E tech stocks, and very little companies that reflected any sort of resiliency to inflation, or an interest rates environment in which inflation was occurring. I often get the impression HD virtually never considered the rates question at all.
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I agree very much on that about HD.talked alot (about inflation, bubbles, things not being "value") etc but for some reason MFG didn't execute on that belief at the peak of the market hype... partic on the large tech holdings etc
(20min delay)