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LOST DECADES

The "Lost Decades" are not random; they are something that happens when there is a bubble ∘˙○˚.•

To understand this, you need to go beyond your "quant skills"!

You need to understand the relationship between the real economy (macro) and the stock market 👨‍🏫

[LINK] 'The first modern financial crisis in the globalized world | DW Documentary' 👀 The Asian Bubble!

Important things to understand:

- Total Stock Market / GDP Ratio [' The Buffett Indicator']
- CAPE Ratio.
- Forward P/E Ratio.
- Land Prices and Real State Prices.
- Monetary Policy (QE vs QT)
- The U.S. CAPE ratio also shows the Dot-com Bubble (00) and the GFC (08) as Lost Decade.

It's pretty hard to avoid "Lost Decades" if you don't understand this. This is more "theory" than "math" 😉