Financial Times: Take the very long view on asset prices
Financial Times, December 21, 2017, by Gillian Tett. “The authors of “The Rate of Return on Everything, 1870-2015” — Oscar Jorda, Katharina Knoll, Dmitry Kuvshinov, Moritz Schularick and Alan Taylor — have not done this for narrow investment purposes. Instead, they hope to contribute to the academic debates which are...