How to Survive a Bear Market
Money For the Rest of Us
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The Best Estimate of Bond Returns
The returns based on those estimates was very close to the actual annualyzed turn for those different indices. So it gave us even more confidence in our approach. And then we have ranges around that, because we can use those three elements and say, oh, well, what if price to earnings ratioes fall over the next two decades? And what if earnings growth is less than our base line assumption? What would the lower range of returns be?
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