Interest rates, the central pricing mechanism for financial markets have been pushed to artificially low levels by The Fed and other central banks says financial historian and long-time market observer James Grant. That interest rate suppression has created numerous market bubbles. He cites Bitcoin as one of the most extreme examples.
Archives for February 2021
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Part 2 of 2
T. Rowe Price’s Global Multi-Asset Allocation head, Sébastien Page discusses public versus private investments and undervalued versus overvalued asset classes.
READ AGAINST THE GODS: THE REMARKABLE STORY OF RISK Against the Gods: The Remarkable Story of Risk Watch the related WEALTHTRACK episode.
Sébastien Page is a thought leader in the key strategy of asset allocation at T. Rowe Price. But why did he feel compelled to write an entire book about it?
AVOID MARKET TIMING Historical evidence shows market timing leads to significantly lower returns than buy and hold strategy Market timing also leads to increased volatility “…the volatility of investor returns is higher than the corresponding volatility in nearly all specifications.” “Specifications’’ considered: individual stocks, stock mutual funds and stock indexes in U.S. and major international […]