I'm interested in this, if I only understood something like 25% of it. I'm reminded Warren Buffett's maxim to never invest in something that you don't understand. It's why he avoids Silicon Valley-like tech companies, because their valuations never made any sense to him, despite everyone else throwing money at them like mad men.

It sounds like there's still a hungry giant pool of money with an army of twitchy investment managers looking for something to invest in. But there just aren't as many good investments as there are investment dollars. I sense from this guy that their will be ugly downstream ramifications of all this stupid money being thrown around. And his prescription for making it to the other side is good old fashioned value-investing. But, and I can't quite tell, it seems like he's also wary of some larger, systemic failure.

Which I, for one, am not looking forward to trying to wade through. Is there anything that a young person with next-to-zero capital can do to get through this? Because it sounds like he's shitting on S&P 500 indices, which I thought was the one sure-fire thing I could do.