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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Jim Willie CB who wrote (5472)5/3/2004 3:41:04 PM
From: TH  Read Replies (2) of 116555
 
Jim,

Excellent. I have been looking for this exact quote, as I want to save it forever (or at least until someone can explain it to me).

"Now, one can argue whether or not the market values that are placed on claims on physical assets are high or low, remember that all judgments of wealth essentially are discounted values of forward expected returns."

That is in the top five all time classic Greenspeak.

Thx

TH
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