thanks for the link. You have many points right. My point here is that different investors have different risk appetittes. If i own 1200b USD, already 600b in TB, i wont bother me at all if i invest 3b in a risky asset. I need a diversification and sth cud bring me X times returns. BX, right or wrong 10 yrs later? I dont know. Its value cud go to zero. But def better than investing in TB and MBS. Nowadays u lose 3b in a day.
