This is a brief excerpt from the coming winter newsletter, thought it was so interesting and so many parallels. wanted to bring it to your attention in short form here.
The answer to the headline? Nothing YET!
In a recent presentation from one of our favorites, Jim Bianco, as he pulls no punches during his interview!
Railroads
Bianco points out that we currently have 40% less of peak 280k miles during the initial build. Much of these tracks were only used twice, once when built and once when taken down.
Fiber Options of the late 90’s
Again, Bianco points out In the late 90’s, Global Crossing crossed over from asking to raise money to being given as much money as they wanted. They laid 100k of cable with only 2% used, much of has not been used and will never be used.
When human nature, excitement, greed, unknown outcomes and lemming like actions all get mixed up together, there are a lot of historical presidents that can occur.
Maybe this time is different, but it is worth noting those are very dangerous words!
Have a Great “History Repeats itself” Day!
John A. Kvale CFA, CFP
AI Content Authenticity: AI created the splash image. All of the following text content has been completed by myself and has not been edited or created by AI. Occasionally we do use AI for images and will note when appropriate.
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
