“What could be more asinine than making a judgment about something without taking into account both…”
The greater issue is government spending, which is exerting upward pressure on wages and raising the cost of capital.
NVDA
“You can’t always get what you want, but if you try, sometimes…”
80% of the Perry Capital Portfolio holds liquid and guaranteed-return investments with interest rates constantly
adjusting to the higher rate structure that is coming.
“You can’t always get what you want, but if you try, sometimes…” Read More »
“We tend to overestimate the effect of a technology in the short run and underestimate…”
75% of the Perry Capital Portfolio remains AAA-rated, very short maturity, and very liquid securities.
I remain underweight in the equity market because the valuation metrics of risk assets are not discounting for
persistent inflation and a slowing economy to the degree necessary to be attractive. I would rather watch from
the sidelines at 5% until the strategic risk/reward is in my favor.
“We tend to overestimate the effect of a technology in the short run and underestimate…” Read More »