Miller: Bond and FX markets feature non-economic actors unlike public equities
Jacob "Jake" Miller · Ep 68: Are High Interest Rates & Inflation Here to Stay? How to Generate Alpha with Jacob Miller · Joe Lonsdale · Nov 2, 2023 · at 5:28
Jacob Miller explains why he preferred macro, currency, and bond investing over public equities when starting out in finance.
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“In the public equity markets, everyone is there to make a profit. You're competing against every analyst and hedge fund in bonds and in currencies. They're non-economic actors. You have the fed who's not trying to make money. You have people just trying to do currency transactions.”
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