Back to the Mkt. Future With Private Investments
I often feel like the financial markets are crumbling around me. It’s not their price levels that trouble me, but their health. The capital markets are a tremendous boon to humanity. However, intrusive central bank and government policies seem to increasingly strangle the golden geese of capitalism and free markets. Some argue that the neurotic obsessions with market stability are killing active investment management and disarming the very mechanisms that make financials markets invaluable. Decline is inevitable; the only question is whether it comes slowly or as a quick collapse. While I’m sympathetic to this perspective, what if we humans are better and smarter than credited? What if the investment markets aren’t dying but evolving to circumvent the unwanted barriers?
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