
- Dec 10, 2019
- 2 min
Forget Private Equity, Private Credit, Venture Capital, and Bonds in the Next Decade
Investors’ love affair with past winners is insatiable. The ‘conventional wisdom’ on Wall Street is that US stocks, private equity, private credit, venture capital, and bonds will continue to be the ‘big winners’ in the years to come. Unfortunately, yesterday’s darlings almost never outperform in the future with the same risk-adjusted returns per unit of liquidity risk (this is important). Paradigm shifts typically happen slowly and quietly with most investors realizing after
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