Tourbillon Capital's Jason Karp: "This market doesn't make any sense"

Business Insider has some notes from Tourbillon Capital's latest letter.

"People are just paying significantly more for assets without any fundamental improvement in those assets"

"One of today’s greatest market inefficiencies may stem from the scarcity of capital devoted toward long-term, fundamental investing"

"The rise of big data has brought "more dislocations resulting from market participants putting undue emphasis on near-term trends while often times ignoring the secular and cyclical forces at play over the medium to long-term," he wrote."

 

Tourbillon Capital's Jason Karp: "This market doesn't make any sense"