Global Leaders Investment Letter: August 2022
Brown Advisory
SEPTEMBER 6, 2022
However, there is an important nuance in that more players have exited than the limited number who entered over time due to high barriers to entry and exit. In the period 2010 to 2014 there was a boom in energy capex particularly into U.S. In the financial markets we see evidence of cycles in capital flows as market prices rise.
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