• The rising tide has really lifted all boats, but it’s extremely important to dive deeper and see who is swimming naked.
• This will allow you to protect yourself from extreme downside and to potentially also earn something with some cheap hedges.
• There are companies with no organic growth that have price to earnings ratios of 500…

Introduction

It will soon be nine years that we have been enjoying a rising economic tide. Economic policies around the world are still accommodative, and corporations really don’t have difficulties in finding financing.

However, if you have been through economic kindergarten, you know that the only thing sure in economics is cyclicality. Therefore, it’s important to see who will be swimming naked when the tide shifts, how to be protected from such a possibility, and perhaps even how to take advantage of it. More →