The Best Investment Writing Volume 5: Laurence Siegel, CFA Institute Research Foundation - Debunking Nine and a Half Myths of Investing
The Meb Faber Show - Better Investing
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Myth Number Six, Central Bankers Can Get Out of Any Scrape
The endowment model is still broken, and it's still a myth. Most endowments are doing fine - not walking above us or crashing in iliquid investments. The cure for every real or imagined threat to economic growth is lower interest rates and easy money. As numerous market sages have said, liquidity is a coward. It runs at the first sign of trouble.
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