Investing in an era of higher interest rates and scarcer capital

[SeattleCPA]

It's probably behind a payroll for most folks, but this week's economist includes an interesting article about how higher interest rates and inflation will change investing in years going forward... and they argue the changes really aren't bad for individual investors:

https://www.economist.com/leaders/2022/12/08/investing-in-an-era-of-higher-interest-rates-and-scarcer-capital

The TLDR summary:
1. Expected returns going forward should be higher.
2. Investors are deeply discounting far-off profits and cashflows (such as tech firms usually promise).
3. Strategies will/are changing (such as high fees paid to private equity managers)

For what it's worth...