The Investors’ Guide to Secular Stagnation
“I’ve been around, seen some things, I slept in dumpsters, got high with kings”
—Kid Rock
I have had numerous meetings with investors where the main message is something like this:
The investor feels stocks and bonds are very expensive, that private equity is too risky, and that low rates and devaluation put at risk their savings. What can they do?
The first—and most important—step is to really understand your profile as an investor.
How Risk Averse I Am
One of the things that financial repression has done to the average investor is to completely obliterate tolerance for volatility.
I remember once being called to appear on TV to talk about the “stock market crash.” I asked myself what the ...
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