This month report is entitled "We are most deeply asleep at the Switch when we believe to control all Switches" where he discusses investors overconfidence both on the long and short side, and the lack of diversification that may result due to this overconfidence.
He explains that investors should consider carefully that win/win transactions are far less common than win/lose transactions, and usually, either the buyer or the seller makes a big mistake. In order to be successful, you have to make sure that you do not make that big mistake.
There is just one attachment to this monthly market commentary (MMC):
- “Money Illusion and Why the ‘Bond Bubble’ Must Burst.” by Michael A. Gayed,Chief Investment Strategist at Pension Partners, LLC
If you want to receive the Monthly Market Commentary (MMC) by Marc Faber, it is available for 300 USD per year.