The markets are locked in a battle of dangerous extremes vs high complacency.

Yes, there are many reasons to be concerned about today's record high valuations.

But those concerns haven't mattered yet.

And there's no guarantee they will on any relevant time frame to today's investors.

And so the party in stocks continues on...for now.

In today's interview, macro analyst Grant Williams discusses how we've reached this point: we debauched the value of money. And in doing so, we re-focused the goal of every company towards boosting the stock price, and away from creating sustainable value.

How long can this continue before the markets reprice, downwards, to valuations that can be sustained by fundamentals?

This is THE existential question facing investors today, Grant posits. Your financial well-bring will be determined by the choice you make here.

For one of the more important discussions you'll hear on investing this year, watch this interview with the great Grant Williams.

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