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
Discover stories from this section and more in the list of contents
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Trump wastes no time in reigniting trade wars
Canada and Mexico look likely to suffer
How Trump, Starmer and Macron can avoid a debt crunch
With deficits soaring, their finance ministers will have to be smart
What Scott Bessent’s appointment means for the Trump administration
The president-elect’s nominee for treasury secretary faces a gruelling job
What Donald Trump and Bernie Sanders get wrong about credit cards
Forget interest rates. Rewards are the real problem
Computers unleashed economic growth. Will artificial intelligence?
Two years after ChatGPT-3.5 arrived, progress has been slower than expected
Should investors just give up on stocks outside America?
No, but it is getting a lot harder to keep the faith