Certainly not with any consistency over an investing lifetime, and if they are, they certainly aren’t telling us. We live in a timing and selection world, and CNBC is dedicated to it.
Listen to Bloomberg radio. All the CFA’s come on with their base case. You read their note, and they have about 40 permutations of it.
On a macro level, it boils down to whether you want to be an owner or a loaner over the course of your life. Highlighted by Apple issuing bonds for the sole purpose of stock repurchase and dividends.
The fact that this is spot on (and economics are complicated) does keep the same 3 or 4 wannabe, serial posting and lecturing “know it alls” on LHer out of these types of threads. Thankfully, they stay away because they know that their “Automotive News” level of knowledge of the world won’t save them in the deep end of the pool where swimmies and lifeguards are not allowed.
