US business cycles have become less volatile and are experiencing a 'dampening' effect, reducing the frequency of sector-specific crises and bankruptcies that historically created opportunities for value investors to profit from mean reversion, making value investing less effective as a general strategy.

factualpending

Speaker

Kai

Evidence Quote

the US has experienced this sort of dampening of the business cycle... what value does best with is like volatile cyclical times [44:38]

Source

The Bubble No One Can Sell | Dan Rasmussen on the Private Equity TrapExcess Returns
Created: 8/11/2026, 8:01:35 AM

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