Global markets face AI optimism and inflation anxiety. Charlie Munger’s insights on human misjudgment offer a survival guide. Higher interest rates, concentrated mega-cap liquidity, and retail participation drive current trends. Investors must manage emotional distortions like envy and FOMO. The Lollapalooza effect amplifies biases. Overconfidence from past gains is risky. Avoiding pain too aggressively can lead to underperformance.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend