OT More Boys Cry Wolf

Nicolai Tangen, head of Norway’s $1.3 tn oil fund, the world’s largest SWF, told the FT:

“With extremely low interest rates and very high stock market, and with increasing - and in some places accelerating - inflation, we could see a long period with low returns”.

AQR Capital estimates a balanced portfolio of stocks and bonds will return just 2% annually after inflation over the next 5-10 years - down from roughly 5% on average over the last century.


In fairness, there is a massive amount of wolves in Norway.

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