E37: First Quarter Letter 2024 - Free Money Edition

You may have heard the joke about two economists walking down the street and seeing a $20 bill lying on the sidewalk. The first economist says, "Look at that $20 bill." The second says, "That can't really be a $20 bill lying there, because if it were, someone would have picked it up already." So they walk on, leaving the $20 bill undisturbed.

The notion above is that there can’t be “free money” lying around in plain sight. The markets are efficient and opportunities like the above cannot exist.

Brian Ginsler begs to differ...

For the original transcript of this letter and to see weblinks and other media, please visit https://ginslerwealth.com/ginsler-wealth-first-quarter-2024-client-letter-free-money-edition/