3 ms·

i know my gp comment reads w/ a lot of confidence, but I really have no idea what's going to happen I do believe that even stocks, in the long run, will be dis

i know my gp comment reads w/ a lot of confidence, but I really have no idea what's going to happen I do believe that even stocks, in the long run, will be discounted against a general opportunity cost and that really low interest rates make small movements really significant in that regard we'll see

RC_ITR 5y ago
The part you're missing is the 'Equity Risk Premium' which historically has behaved independently of the risk-free rate. https://learn.robinhood.com/articles/5FDKWbZjnNFHfEPYRNhLtE/what-is-equity-risk-premium/ https://learn.robinhood.com/articles/5FDKWbZjnNFHfEPYRNhLtE/...