#94 Is the SPAC bubble going to pop?

One of our favorite investors, Sir John Templeton said the following – “Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria.” There is no doubt that there are certain areas of the market that are in the “euphoric” state right now. EV, penny stocks, and SPAC’s are a few of them. In today’s podcast we discuss some of them including one in detail, SPAC’s. What is a SPAC? Why are they so popular and why do we think they are in a bubble right now? We also discuss Warren Buffett’s annual letter to shareholders and what we learned from reading it. Here’s to wise investing,<br />Brett, Brian, and Spencer<br />Information presented is gathered from sources to be reliable. However, Iron Gate Global Advisors LLC does not attest to its accuracy and is not responsible for errors and/or omissions. Information presented is also used for educational purposes and is not to be used for investment recommendations.<br />Advisory services offered through Iron Gate Global Advisors, a registered investment advisor. Insurance products and services are offered and sold through Iron Gate Global Insurance, LLC (in CA: Iron Gate Global Insurance Services) and individually licensed and appointed insurance agents.<br />All investments have inherent risks. There can be no assurance that the investment strategy proposed will obtain its goal. Past performance does not guarantee future results.<br />