Rob Arnott, Joyce Chang, and Louis-Vincent Gave offer their perspectives on the policy landscape and its implications for investment strategy.
Robert J. Shiller has shown remarkable prescience over the years. And with talk of inverted yield curves, overvalued stock markets, and imminent recession, the present struck us as an opportune time to see what was on his mind.
Infrastructure is seen as an attractive proposition, not only because of its (in some sectors) double-digit returns in a low-yield environment but also because it offers diversification opportunities coupled with reliable earnings and consistent cash flows. Infrastructure can also be used for liability matching and inflation hedging (given that inflation tends to be built into the revenue stream of projects).
Increased capital flows to a space with low transparency and distinctly limited opportunities can be the classic setup for a bubble. In venture capital, this is magnified by the boom-or-bust nature of the companies themselves.
Adapted from a lecture by the author and a follow-up discussion with eminent economists, this book includes an analysis of the South Sea Bubble and the application of the author’s new economic model to that and similar episodes. Open-minded investors would benefit from the book’s insights on speculative trading bubbles.
Now that the world's largest asset manager manages considerably more money than the world's largest bank, it's time to think about the potential for systemic risk.
Vikram Mansharamani argues there is a great insight to be gleaned from trends in animal protein intake in emerging markets, even in highly vegetarian India. To tell this story at the recent India Investment Conference, he started by comparing GDP and population sizes among advanced economies and emerging markets.
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