2 ms·
It's interesting how many people seem to overlook this. It, over-proportionally, affects assets with a far pay-off date. A stock could be worth $1 and $10 depen
by csomar 6y ago
It's interesting how many people seem to overlook this. It, over-proportionally, affects assets with a far pay-off date. A stock could be worth $1 and $10 depending on the interest rate and have the same yield over xx period of time.
I have written about this in more details: https://omarabid.com/zero-rates-world https://omarabid.com/zero-rates-world