In this episode, Mark talks about Bitcoin. People love to buy things when they’re going up in price. According to Morningstar data you would see a 20% pull back every 5 years. He talks about a flash crash: quick downward moves in the market caused by algorithmic trading, created models that trigger trades when certain things happen in the market. Structurally the ingredients that make a market and an economy are very different in the market these days.

November 30, 2017