3 ms·
The fundamental problem is that the US dollar loses value at such a rapid pace that riskier and riskier investments are required to maintain a decent rate of re
by dantheman 17y ago
The fundamental problem is that the US dollar loses value at such a rapid pace that riskier and riskier investments are required to maintain a decent rate of return. The way to prevent this is to stop inflating the currency.
- hga 17y agoNot at all: Harvard got used to fantastic returns in an unusual period ("genius is a rising market"), got into spending patterns that depended on this continuing (what this article focuses on), too many people at Harvard got envious of the people making these returns and forced them out, then investing was left on autopilot and they crashed in what looks to be the worst financial crisis since the Great Depression. (This article is very shallow, look for the _Vanity Fair_ article for a much better picture.)
- dantheman 17y agoI've read that article; I was talking about the general trend of investing and why they were chasing returns that had such inherent risks.