Joshua M Brown

Incoherence

If stocks get cut in half and the economy’s participants all decide to get “risk-off” in their posture and their allocation decisions, the coins are going down.

Take that two and a half percent and run.

Is two and a half percent the best you could get for return of capital? Maybe not, but isn’t it good enough? Two years ago the going rate was about zero. On high six-figure or seven-figure money, this is a big difference. 

Spam as a Service

As for the valuations being assigned to all these companies, and the expectations of their investors – I would be terrified.