A complex graph with abundant data presented by KKR Insights provides information on the relative valuation of assets over a period of 20 years. The values of various assets have declined across major categories since the markets reached their peak 18 months ago. Certain assets seem to have appealing 20Y relative valuation: US Small-cap valuation…

A complex graph with abundant data presented by KKR Insights provides information on the relative valuation of assets over a period of 20 years. The values of various assets have declined across major categories since the markets reached their peak 18 months ago. Certain assets seem to have appealing 20Y relative valuation: Source: KKR Insights…

Great follow-up podcast on “Sea Change” topic – “This Time Might Be Different” from OakTree / Howard Marks: – Majority of current investment professionals (joined after 1980) have seen only climate where interest rates were declining, low or both.– People think low interest rates are normal.– Interest rates are not going to decline by 2000…

Great follow-up podcast on “Sea Change” topic – “This Time Might Be Different” from OakTree / Howard Marks: Thus, now you can potentially get equity type returns from lower risk debt #investment.