“Figures don’t lie but liars can figure”
Ralph Dillon of Global Financial Data put together this very long term chart that shows how stocks (S&P 500 and DJIA), commodities (Gold, Silver, and West Texas Intermediate crude oil), bonds (US 10yr) and the US national debt (Total Debt as a % of GDP) have risen …
“We are maybe in the fourth inning of a secular period of outperformance for U.S. assets.”
The famed speculator in a rare interview.
Not only did hedge funds as a class underperform the S&P 500 by fully 10% through May 10, but only a small sliver of funds managed to outperform it.
“I’ve been all dollar, all the time.”
“The least unattractive asset class to me is stocks.”