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Re:Fund manager: ‘Nightmare’ US stock valuations driven by ‘... by engineer_22 on Thursday October 15, 2020 @02:25PM (#24791957)
What compels you to chase yield?

How do you make the case that the risk (probability of loss multiplied by magnitude of loss) doesn't exceed the expected yield?

I think hedge fund manager in original title is saying he's uncomfortable with the risk/yield equation right now.

Re:Fund manager: ‘Nightmare’ US stock valuations driven by ‘... by toomuchtodo on Thursday October 15, 2020 @02:31PM (#24792045)
In the case of institutional managers, they live and die by their returns. Take pension funds: if they do not meet their return targets, pensions get cut (or debt is issued to make up the gap, big yikes).

I agree with your last statement: the amount of risk isn't realizing a corresponding risk premium in the returns available. Yet, you must invest somewhere. That's your job (as an institutional investor). A lot of structural financial heartache ahead.