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this post was submitted on 21 Jul 2023
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Privacy
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And one of the primary reasons they never had to make a profit was that, so long as interest rates were functionally zero, it didn't really cost the investor class much of anything to park money in a money losing operation while waiting for it to become sellable.
With interest rates back to pre-2008 levels, though, there's a price to money again. And a real opportunity cost. So, compete with bonds or watch your investors walk.