Apollo Lupescu from Dimensional Fund Advisors returns to The Purposeful Investor Podcast to join Aden Wilkins and David Andrew for a conversation about some of the questions investors are asking most right now. From rising government debt to the role of bonds, Apollo has a unique ability to make complex investment concepts easy to understand.
In this episode, they discuss:
– Why US government debt has grown to around $40 trillion and why the growth rate has looked remarkably similar under both political parties.
– The metric that actually matters: the cost of paying interest on the debt relative to the size of the economy.
– How bonds work in plain English and why maturity and credit quality drive the interest rate a borrower has to pay.
– Why the bond market acts as the ballast in a portfolio and underpins the cost of money across the entire financial system.
– A simple framework for every investment decision: ownership, lending and non-economic activity.
– The real risks in private credit and private equity, and the question every investor should ask before chasing higher returns: Is the juice worth the squeeze?
