I used to subscribe to these investment talking points and believed in the US equity market. I adopted these attitudes from reading Warren Buffett, index fund, financial advice. These are sound principles. I occasionally revisit value investing, dollar-cost averaging.
But times are changing. The US equity market will unlikely to deliver exceptional returns. Buffett may have a strong bias since he started his investing career post WW2. Buffett may experience only the correlation between the US equity market growth and global growth. Investment return is likely non-ergodic. We're entering new terrority where exceptional returns may come from other assets.
But times are changing. The US equity market will unlikely to deliver exceptional returns. Buffett may have a strong bias since he started his investing career post WW2. Buffett may experience only the correlation between the US equity market growth and global growth. Investment return is likely non-ergodic. We're entering new terrority where exceptional returns may come from other assets.