Investing in an era of higher interest rates and scarcer capital
Prepare for impatient investors and pain in private markets—but also higher returns
WELCOME to THE end of cheap money. Share prices have been through worse, but only rarely have things been as bloody in so many asset markets at once. Investors find themselves in a new world and they need a new set of rules.
This article appeared in the Leaders section of the print edition under the headline “The new rules”
From the December 10th 2022 edition
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