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Maybe he is seeing new investment opportunities on the near horizon, perhaps including the rise in interest rates, which is expected at the beginning of next ye
by randomdata 12y ago
Maybe he is seeing new investment opportunities on the near horizon, perhaps including the rise in interest rates, which is expected at the beginning of next year? Tech has been one of the few places for people to put their money for quite a while, but it doesn't mean that will hold true forever. Commodities started heating up around the same time as this round of the tech industry "boom", and has pretty much crashed now.
- AJ007 12y agoThere is an interesting relationship right now between the Federal Reserve and asset prices. It is a place we have been before. Investor confidence in interest rates being low for a long time makes investors comfortable with current public equity valuations (besides all of the other things low interest rates can do to asset prices.) It is even more interesting now because a big jump in interest rates would cripple the US budget with debt payments. One of the things I think about a lot is what is the fair market value of certain technology companies? It would be helpful to be back at a place where I know Netflix, Facebook, etc, are worth more than their public valuations. Additionally it would be healthy for the long term human impact of tech to extinguish some of the arrogance that has been building up for the past decade.