A structural explanation for why benchmark assets outperform in the long-run, and why capital concentrates there.
Interesting chart on gold… wonder if it’ll keep outperforming other precious metals like this or some point revert
It can revert cyclically. The argument is structural, not short-term relative value.
Interesting chart on gold… wonder if it’ll keep outperforming other precious metals like this or some point revert
It can revert cyclically. The argument is structural, not short-term relative value.