Richards: People Fear Bad News Not Priced Into Markets

The video discusses the challenges of investing in a market where asset prices are inflated and economic growth is anticipated. It emphasizes the need for smart investment strategies, such as investing across different points in a capital structure and considering less liquid investments like infrastructure. The video also highlights the risks of market corrections if expected economic improvements do not materialize and suggests that investors should be prepared for potential volatility in 2017.

What risks are associated with inflated asset prices according to the speaker?

In what ways can liquidity impact investment decisions?