2min chapter

The Long Term Investor cover image

The Four Pillars of Investing ft. William Bernstein (EP.124)

The Long Term Investor

CHAPTER

Forecasting Investment Returns and the Gordon Equation

This chapter explores the challenges of predicting future investment returns, highlighting the Gordon equation's role in linking long-term returns to dividend growth and yield. It also examines the potential of alternative investments in a landscape of expected lower real market returns.

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