Four History Lessons For Long-Term Investors
Valuations matter, cash is for emergencies, and equities are surprisingly resilient to inflation.
Gold: it’s not done much in the last 200 years, but it’s had a cracking quarter century.
Photographer: Angel Garcia/BloombergThis article is for subscribers only.
Welcome to the multi-award-winning Money Distilled newsletter. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.
It’s that time of year again. The days grow short, the leaves cut loose from the trees, and my thoughts turn to nostalgia, as the latest Long-Term Asset Return study from the Deutsche Bank Research Institute hits my inbox. Ah, the joys of autumn.