[cperciva]

I see it the other way: Corporations can invest in anything, so if any asset class outperformed equities we would soon see corporations listed on the stock market which simply held those assets. (This happened with BTC, with limited success, of course.)

[snowwrestler]

REITs are a classic example.

[boatsie]

Wouldn’t it just be better for them to invest in more equities, like an investment bank?