Es cierto que muchas grandes fortunas invierten en empresas de capital riesgo (“private equity”). Pero lo hacen sobre todo por una ventaja fiscal que no es accesible a la mayoría de los inversores
No está claro que el nuevo plan de estímulo económico de China vaya a estimular la economía real. Pero está claro que está estimulando la bolsa.
Hace mucho tiempo, un asesor fiscal me dijo que no invertía en bolsa porque estaba llena de trampas para incautos. No puedo estar más de acuerdo
Los mercados no esperan a que ocurran las cosas: las descuentan anticipadamente en los precios, según se va valorando la importancia de lo que llega.
Venimos de una época en la que los de fondos de renta fija de largo plazo habían subido mucho y, por lo tanto, eran más fáciles de colocar
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