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But we saved everything 🙂.
Tren Griffin described how the concept of GDP-B, or Gross Domestic Product - Benefits, is intended to capture aspects of economic value that traditional GDP measurements do not include. In his post, Griffin referenced the idea of 'physics envy,' a term used by Charlie Munger to characterize economists' desire for formulas with precise outcomes, especially in academic settings.
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Griffin has recently warned investors that margin loans can increase the risk of losing control during downturns. In a separate commentary, he discussed Howard Marks’s view that market psychology acts as a reflexive feedback loop. These earlier observations reflect Griffin’s ongoing focus on risk and behavioral dynamics in markets.