Barbarians on the porch
Private markets are going mainstream
Two private-equity bros walk into a Nobu. One thinks ordinary people investing in private markets is a swell idea. Stockmarkets are so concentrated that buying the S&P 500 index is just a bet on a handful of giant technology firms, he says. Everyone needs diversification. Private credit is here to stay and the bond market isn’t even that liquid. That corners of finance previously open only to institutions and the very rich are now accessible to more individuals is a good thing. Imagine the fees.
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This article appeared in the Finance & economics section of the print edition under the headline “Barbarians on the porch”
Finance & economics November 9th 2024
- The return of Trumponomics excites markets but frightens the world
- What betting markets got right and wrong about Trump’s victory
- India is undergoing an astonishing stockmarket revolution
- Sanctions are sinking Russia’s flagship gas project
- Barbarians on the porch
- Big Macs, strawberry jam and the wealth of nations
From the November 9th 2024 edition
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The great-man theory of Wall Street
Why finance is still dominated by bold individuals
Hong Kong’s property slump may be terminal
Demographics and geopolitics will make a recovery harder
Why everyone wants to lend to weak companies
An unanticipated side-effect of Donald Trump’s election victory
American veterans now receive absurdly generous benefits
An enormous rise in disability payments may complicate debt-reduction efforts
Why Black Friday sales grow more annoying every year
Nobody is to blame. Everyone suffers
Trump wastes no time in reigniting trade wars
Canada and Mexico look likely to suffer