Trapeze Asset Management, which will undergo a name change to Generation Portfolio Management Corp. on November 30, released its latest quarterly investor letter on November 16. Despite the devastating October, the fund, which is primarily managed by co-founders Randall Abramson and Herbert Abramson, believes we are still in the midst of a bull market and that corporate earnings and valuations will continue to rise.
The fund does see numerous areas of potential concern in the global markets...
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At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.
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Put another way, that’s roughly equal to:
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