James Grant, Grant’s Interest Rate Observer, says the mis-pricing of asset values led by the central banks is the essential back story to this morning’s selloff.
James Grant: Prices ‘Artificial’ Worldwide
Yost Partners was up 0.8% for the first quarter, while the Yost Focused Long Funds lost 5% net. The firm's benchmark, the MSCI World Index, declined by 5.2%. The funds' returns outperformed their benchmark due to their tilt toward value, high exposures to energy and financials and a bias toward quality. In his first-quarter letter Read More