“Richard’s Thoughts on Long-Term Returns”
It’s interesting, but the great portion of what we hear about stocks today is concentrated on near-term performance. CNBC has even reduced stock analysis to quarterly earnings (after all, they have to fill up a lot of time each day).
Yet when stocks collapse, Wall Street’s apologist-strategists talk about “holding for the long term.” Ah, there’s the irony. THE DEPRESSING FACT IS THAT STOCKS ARE NOT PRICED TO BRING IN HEALTHY RETURNS OVER THE LONG TERM.