DIARY OF A FUND MANAGER - HARD GRAFT 27.07.20
- Investors are looking to a future where growth is in short supply, interest rates low and inflation non-existent. Essentially, a continuation of the last decade.
- Collectively, we have taken leave of our senses, inflating a huge bubble focusing on a few technology companies, whilst most stocks remain in the doldrums.
- Excessive printing means that paper money is no longer a long-term store of wealth and so anything else is better.