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Charlie Munger Warned Of 'Liquor, Ladies, And Leverage,' But Ryan Detrick Sees S&P 500 Hitting New Milestones Despite 'Cockroach' Fears - Bank of America (NYSE:BAC), JPMorgan Chase (NYSE:JPM)
Benzinga· 2025-10-29 16:43
On a recent “Facts vs. Feelings” podcast by Carson Research, the Chief Market Strategist Ryan Detrick acknowledged growing fears over “cockroaches” in the credit market but maintained a bullish outlook on stocks, pointing to strong underlying market health.Detrick Recalls Charlie Munger's TeachingsDetrick invoked Charlie Munger's famous warning that "Liquor, ladies, and leverage" are the “three ways a smart person can go broke,” identifying leverage as the market’s current obsession.However, he countered th ...