What to Make of Low Interest Rates
Today: A few quotes and thoughts about capital allocation in today’s macroeconomic context.
![](https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fd1acbf47-d3ec-4be5-96c7-a7f1a91ea63e_1567x1175.png)
The Agenda 👇
Fund strategies, not projects
Do low interest rates favor market leaders?
Hurdle rates seem insensitive to macroeconomic conditions
The consequences from a strategic perspective
The consequences from an industrial policy perspective