Alex Good on Twitter: "Going to talk a bit about my understanding of the growth unwind 1/ let’s start with the obvious absurdity - negative 30 year yields do not force you to buy mongoDb stock. Why? The more volatile a stock and its outlook is the less relevant government borrowing costs are. And yet"
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Going to talk a bit about my understanding of the growth unwind 1/ let’s start with the obvious absurdity - negative 30 year yields do not force you to buy mongoDb stock. Why? The more volatile a stock and its outlook is the less relevant government borrowing costs are. And yet
2/ a number of stock promoters latched on to the low rates story. The argument was that technology delivered “secular efficiency improvements” that lowered prices. Implying a feedback loop between low rates and technology. This was a distraction from the real feedback loop …
