Richard Oldfield on Value Investing, Warren Buffet and Elon Musk
Macro Hive Conversations With Bilal Hafeez
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Why Not Just Invest 100% in Equities?
Investors need what I call a cushion of comfort and the comfort for some people temperamentally. Pension funds are just in an impossible position because they should be long term to find benefit plan, he says. If you've got 10% which is safe in bonds you're more likely to say we've had this huge fall inequities is agonizing but I can afford to let this 10 in inequities continue to play. He thinks institutions trying to have their cake and eat it as Mrs Truss did at Lloyd's London could digression anyway.
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