Värdeinvesteraren

[gilmour]

http://online.wsj.com/article/SB1000142 ... %3Darticle

De få gånger man hör Seth Klarman säga något om marknaden i allmänhet och investering i synnerhet så är det alltid intressant. Tänkvärt citat:

By holding interest rates at zero, the government is basically tricking the population into going long on just about every kind of security except cash, at the price of almost certainly not getting an adequate return for the risks they are running. People can't stand earning 0% on their money, so the government is forcing everyone in the investing public to speculate.