Just wanted to highlight that there are some people expressing concerns that the current high valuations mean that the 20s could be a lost decade for equity returns. Here is Blackstone CFO Michael Chae:
“I think you can have disappointing long term earnings growth with multiples coming in a little bit, and I can see anemic equity returns over the next five to 10 years…I think this could be a lost decade in terms of equity appreciation”
Really nice write-up!
Just wanted to highlight that there are some people expressing concerns that the current high valuations mean that the 20s could be a lost decade for equity returns. Here is Blackstone CFO Michael Chae:
“I think you can have disappointing long term earnings growth with multiples coming in a little bit, and I can see anemic equity returns over the next five to 10 years…I think this could be a lost decade in terms of equity appreciation”
Link: https://theweeklytranscript.com/2020/09/21/the-transcript-09-21/#content:~:text=The%2020s%20could%20be%20a%20lost,%E2%80%93%20Blackstone%20(BX)%20CFO%20Michael%20Chae