The stock market reminds him of the 1990s tech trading environment that led to the dot-com bubble. He's far from alone among survivors of the era.
Activist investor Dan Loeb sent a letter encouraging Disney CEO Bob Chapek to permanently scrap the firm’s dividend and become more like Netflix.
It would be easy to smugly write off Harvard’s performance as the comeuppance due to a bunch of elites who think they are smarter than the rest of us.
"I do think that within 18 months it's going to crack pretty hard," the Bond King opines. In that meltdown scenario, U.S. stocks will underperform.