During this interview with 20VC, Bill Ackman discussed the one trend that most investors are missing. Here’s an excerpt from the interview:
Ackman: There will be persistent, it’s not a one-word answer, but the world is a structurally different place than it was for the last 20 odd years.
And you’re going to see persistent levels of inflation. You know, three to four percent inflation for the foreseeable future.
That’s certainly being missed based on the pricing of long-term bonds.
You can get only about a 3.6 yield, I haven’t checked my screens, it probably… so volatile I don’t know what it is today.
A 3.6 yield for committing to the government… the government’s borrowing money for 30 years at 3.6%.
That can’t make sense in a world where inflation’s three and a half percent.
You can watch the entire discussion here:
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