Inflation Replicator
Kyle Harrison • Markets, Markets, and Markets
Being Known is Being Loved
Say you are a pension fund that needs an 8% return to meet its liabilities without difficulty. And say that stocks have been inflated to the point that you can in all honesty expect only a 2% return over the long run from here given reasonable assumptions about valuation metrics returning to something sensible at some point. You might be tempted to
... See moreSacha Meyers • Bitcoin Is Venice: Essays on the Past and Future of Capitalism
Say you are a pension fund that needs an 8% return to meet its liabilities without difficulty. And say that stocks have been inflated to the point that you can in all honesty expect only a 2% return over the long run from here given reasonable assumptions about valuation metrics returning to something sensible at some point. You might be tempted to
... See moreSacha Meyers • Bitcoin Is Venice: Essays on the Past and Future of Capitalism
I like to look at the data, in order to assess where it looks where we might be going. Then I look at the performance of the market, to see where investors think we are going. I then determine if I think there may be an opportunity in all of this. As with a stock, investors all should try to understand what is priced into any investment. That is my
... See more