Markets Too Focused on Short Term: Michael Sabia

The video discusses the limitations of using markets as a gauge of value due to their short-term focus. It explores the impact of monetary policy on market valuation and the real economy, particularly in the U.S. versus Europe and Japan. The speaker emphasizes the importance of long-term investment strategies, focusing on high-quality assets like infrastructure and real estate. The role of hedge funds is also examined, highlighting their value in providing insights into advanced investment thinking.

What are the implications of short-term focus for investors according to the speaker?

What types of assets does the speaker suggest pension plans should invest in?

How does the speaker justify their small allocation to hedge funds?