Why low returns are inevitable
investing·@mickiewolfr·
0.000 HBDWhy low returns are inevitable
<a href="https://www.economist.com/blogs/buttonwood/2018/02/long-term-investing" rel="nofollow">TheEconomistblog</a> <div class='pull-left'> <img src="https://encrypted-tbn2.gstatic.com/images?q=tbn:ANd9GcTWc5yU7xCQsiEFrNZktYVjAZCxHc7_vYZr6-8Rd05EqIK9AfIouTbsl30CjrIzAuGaCfgq24qR"> </div> WHEN the stockmarket is close to a record high, the chances are that recent returns will have been very strong. The terrible tendency among investors is to assume that those returns will continue. But the higher you go, the harder it is to keep rising at the same pace.
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