What if the cost of capital never rises? Ben Carlson on The Compound

Continuing the discussion raised by Bernstein’s question, and the post I did yesterday, which has been spreading like wildfire (thanks so much for reading and sharing!)…

Here’s Ben Carlson and I about the implications for portfolio construction, asset allocation, capitalism, etc.

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  1. Opposite of Recession: US Expansions & Stocks - Fat Tailed and Happy commented on Jun 17

    […] The potential implication is unsettling. If tepid expansions continue, stock returns might fail to deliver their historical norm. Legions of FIRE bloggers might accordingly be wary, particularly since real interest rates continue to decline and may remain low indefinitely. […]