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Why Beyonce Is Recession-Proof, According to Goldman Sachs
As the Federal Reserve’s efforts to tame inflation roil both stocks and bonds, investors everywhere are struggling to figure out the best way to play defense in markets amid concerns that a recession is on the horizon. One of the top executives at Goldman Sachs Asset Management has a surprising idea: Beyoncé. Katie Koch, the chief investment officer for public equities at GSAM, quips that “Beyoncé is ultimately recession-resistant” and so are other popular artists. That’s why the portfolios she helps oversee own shares of live-concert companies in the US and Europe. While Live Nation Entertainment Inc. got ... (full story)
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- Posted: May 12, 2022 6:20pm
- Submitted by:Category: Entertainment NewsComments: 0 / Views: 505
