Hello, Welcome to Known Unknowns, a newsletter that can’t make sense of the bond market or private equity. Can we blame stocks for inequality? The FT ran an interesting figure that got some attention. It came from Goldman Sachs, of all places. It shows that the top 1% owns way more equity than ever before – and way more than anyone else. Wealth inequality appears to be showing up in equity markets. The estimates include both public and private markets (how private markets are valued is uncertain).
Known Unknowns
Known Unknowns
Known Unknowns
Hello, Welcome to Known Unknowns, a newsletter that can’t make sense of the bond market or private equity. Can we blame stocks for inequality? The FT ran an interesting figure that got some attention. It came from Goldman Sachs, of all places. It shows that the top 1% owns way more equity than ever before – and way more than anyone else. Wealth inequality appears to be showing up in equity markets. The estimates include both public and private markets (how private markets are valued is uncertain).