cover of episode WTT: The Hardest Day to Invest is Always Today

WTT: The Hardest Day to Invest is Always Today

2025/5/22
logo of podcast Capital Allocators – Inside the Institutional Investment Industry

Capital Allocators – Inside the Institutional Investment Industry
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Ted Seides: 我认为现在永远是最难投资的时候。回顾我的投资生涯，我发现在不同的市场条件下，这个观点始终成立。当前市场面临着关税、经济形势、估值、私募市场流动性以及另类投资拥挤等多重不确定性。即使是顶级的宏观策略师也开始质疑美国经济的持续优越性。在股票、债券和另类投资都不具吸引力时，投资者需要认真思考应对策略。虽然各个资产类别都存在风险，但也蕴藏着机遇。我认为最具吸引力的风险调整后机会可能存在于被忽视的市场角落，如房地产、新兴市场股票和中端市场收购。当然，在利基市场和自下而上的集中投资中也存在机会，但这需要非凡的技能和判断力。总之，现在投资可能充满风险，但也可能充满机遇，唯一确定的是，现在永远是最难投资的时候。

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In offering a rare take on the current market, I come back to one of my investment truths: the hardest day to invest is always today. Allocators can register for our next cohort of Capital Allocators University here), July 7th in New York City. Read Ted’s blog here).