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Giuliano Giacaglia
@giu
The European market versus the American market. They tracked and followed a similar path until 2010, but have diverged since then. My guess what happened was that there weren’t many important tech companies and the U.S. has produced most of the important tech companies. Any other theories of what happened?
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shawn
@shawn
Post GFC, capital markets broke and are driven primarily by liquidity, not fundamentals. Same reason why value investors have been rekt for the last decade and a half.
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