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  • 2 years ago
Tom Winnifrith Bearcast 28 March: Paul Scott, Ascent loons, in fact everyone is in denial

Tom Winnifrith Bearcast 28 March: Paul Scott, Ascent loons, in fact everyone is in denial

Cripes the Mrs listened to me recording this and said that it was jolly interesting. I must have done something right today. On the agenda, I start with global denial, the fake econmic recovery since 2008 and how it will end in tears. I refer to a cracking Zero Hedge article here. Then it is Paul Scott in denial on how management change really changes so little so often. Finally it is Ascent (AST) loons in denial in equating sunk costs to fair value. Folks please if you wish to FYB tomorrow do not let me stop you as you will be able to buy shares we own and will happily let you have. But in all good conscience I must explain why you are bonkers.

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