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Be Very Wary of Illiquid Asset Classes

Observant1
edited May 12 in Other Investing
The Long View podcast titled ‘Be Very Wary of Illiquid Asset Classes’ features an interesting discussion
with Daniel Rasmussen, a hedge fund portfolio manager at Verdad Advisers.
Mr. Rasmussen believes Private Equity is the single biggest mistake that investors are making in markets today.
He states that Private Credit offers significantly higher yields due to much greater default risk (no "free lunch").
The section pertaining to Private Equity and Private Credit begins at the 30:31 mark.
The entire podcast is worth listening to if you have the time...

https://www.morningstar.com/podcasts/the-long-view/9d04f752-4aea-4500-add5-af409f7129c4

Comments

  • WABACWABAC
    I don't do podcasts, but the genera idea here deserves a bump.

    They don't want my money because they are friendly stewards concerned for the security of my retirement, whatever Larry Fink says.
  • hank
    edited May 13
    Excellent & comprehensive look at many different investments. Need to wade through considerable “small talk” early on. Substance later. Every moderator has his / her own style.

    Enjoyed his take on high yield spreads as both “predictive” and also “self-fulfilling.” I didn’t listen. Instead I clicked the ”transcript” link and did a quick 5-10 minute read. If his book, The Humble Investor, is on Audible I’ll buy it for late night listening. (Got it.)
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