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Dave Collum, professor and financial commentator at Cornell University (Emeritus), challenges the notion that an 11.5 percent year-to-date return is problematic.
Collum suggests expectations of consistently higher returns may lead to disappointment in the future.
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Collum has previously commented on shifts in the economic outlook, noting when economist Lacy Hunt moved to a prediction of higher inflation in a recent article. He has also highlighted potential risks in the insurance sector, warning that private equity exposure could create serious challenges for insurers in a separate report. These views reflect his ongoing attention to developing financial risks.