On exponential growth bias and three art books
Because, at the end of the day, it’s not just the size of returns and profits that matter but also who owns them.
A real new normal: this article in The Guardian gives you lots to think about.
Proliferating asset classes can be the product of clever marketing more than of fundamental differences.
An interesting paper on the origins of the recent economic trauma.
I’m not a fan, but Krugman here hits the nail on the head.
When policies kill an asset class – and more – in the process
In this paper, different ‘asset class,’ different players (maybe), same results, with an added twist: fee alignment is purely theoretical.
Private equity has been bashed recently in a number of articles. Who makes the real money: the investor or the managers? Read the answer in this paper. (Spoiler: no surprises.)