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We're now in a low growth environment. 20% IRR+ over 7+ years is probably going to be a lot better than you're going to do in the public markets over the next 1
by rdlecler1 10y ago
We're now in a low growth environment. 20% IRR+ over 7+ years is probably going to be a lot better than you're going to do in the public markets over the next 10 years and it's unlikely that we'll see the DOW at 40,000 by 2026. All the information asymmetries have been arbitraged away and companies are not growing that fast.
- warcher 10y agoEh, the last ten years covered the 2008 pop, and it's right at double. I imagine we're about due for another correction, especially as the baby boomers start to liquidate, or interest rates finally inch past zero, but... that's pretty much going to hammer everything. I very much doubt the IPO/acquisition market is recession proof. Maybe I'm wrong about that, I'm only a casual market bystander.
- rdlecler1 10y agoYes, and that was with massive asset inflation from 0% rates. Moreover, there were a few once-in-a-lifetime growth events in there including globalization, China, smart phones, Google, social media. Doubling that from this point in the next 10-years is going to be tough. Expect sideways growth in the public markets over the next 10-years.