Asset prices have decoupled from fundamentals, giving investors a smooth ride—so far. But there is a difference between the investment journey and the destination, and investors are right to be concerned about what happens when fundamentals start...
A month after the SEC rejected the first ETF tracking bitcoin, the regulator said it would it revisit the ruling.
With investors moving out of fixed income and hedge funds, “those dollars have flowed into private equity, operating companies and cash flow producing assets such real estate.”
Outperformance is a factor of the profitability of the companies in the "sin" industries. Investors can emulate those returns in more straight-laced businesses.
