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Jul 17, 2023
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Joachim Klement's avatar

It's more than that. The first half of the period (1998-2008) was the good old fashioned days of higher interest rates and conventional monetary policy. the second half of the period (2008-2018) was the ra of QE. So what would be interesting to see is a split period analysis.

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Gianni Berardi's avatar

Simple and clear as I like it.

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Dartz's avatar

I'm not buying this at all. Investors in large public companies are so removed from management that they cannot affect management actions. Corp Raiders and CALPERS are possibly exceptions, but CALPERS is long term, and raiders generally have a different agenda.

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melville's avatar

This is not correct. Short term investors have lots of interaction with c-suite executives at public companies. Many times per year

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