What risk-free, inflation-protected, after-tax return would you be willing to accept on the totality of your wealth for the rest of your life in order to completely and forever forgo any other investment opportunity?

Exactly a year ago I wrote about how indicators were lining up for a positive equity market performance this year, contrary to the pervasive bearishness that economists and investors were forecasting

To put it mildly, I have not been a fan of illiquid investments

It seems like every other article recently has been on Artificial Intelligence. Even non-investment magazines are featuring front-cover articles on AI. It’s enough to make every contrarian investor’s hair stand on end