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3min chapter
TIP562: How to Cope With Market Cycles
We Study Billionaires - The Investor’s Podcast Network
The Decline of Interest Rates in the Financial World
In 1980, I had a loan outstanding from a bank in Chicago and they sent me a slip of paper as they did when rates changed. 40 years later, I was able to borrow at 200, quarter percent, fixed for 15 years. And it's not a coincidence that this is when private equity in particular had its great success because that's what it does,. The assets as it happened turned out to be worth more than you thought they would; the cost of borrowing to buy them turn out to be less than you thought it would be.
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