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The author lost all credibility with. "Guess which way this line is likely to go next." Past performance is not indicative of future results.
by colinbartlett 13y ago
The author lost all credibility with. "Guess which way this line is likely to go next."
Past performance is not indicative of future results.
- gaius 13y agoThe market can stay irrational longer than you can stay solvent.
- czbond 13y agoGreat quote and very true!
- fiatmoney 13y agoThat's a trite disclaimer. If the economy as a whole is growing at N%, and the price of equity in the economy is growing at M%, eventually the two WILL converge. At what overall level & when that happens is difficult to predict, but unless you think nominal GDP is going to grow at 10% in steady-state, steady-state stock returns of 10% are impossible.