torn on this one ... sounds a bit over the top but form your own views.
Bridgewater’s Prince warns on risky assets after bond decline via @FT
https://on.ft.com/3lqmee5
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The “whataboutism” is strong with you today... his criticism of passive is true by your own admission. Whether he should have offered a disclaimer about every other asset style/class appears to be your concern. Will the FT make available unlimited space for future articles?
Mike this is either disingenuous or spectacularly dumb. This “criticism” of passive (you might not be able to sell it for more than you bought it for) applies to literally every financial asset that exists. Are you opposed to them too?
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As I said at the start, no fan of Bob Prince, but his statement was not “bizarrely silly”. It’s true. Perhaps not uniquely so, but I’d guess there is more to his criticism than summarized by the FT.
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Seems like a weird place to plant your flag but ok
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