The Compound and FriendsWorst Quarter in 4 Years, Oil vs Stocks, Win Rates From Buying Corrections, the Case for T and VZThe Cyclical Chip Trap
36:14–37:34 · 80s
Josh explains why semis like Micron often look cheapest at the top of the pricing cycle and priciest at trough earnings—an essential warning for investors chasing ‘value.’