Terry Smith: “The problem is most people don’t read the accounts”
Investors' Chronicle
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Is It Possible That the Next Ten Years Will Not Offer as High Returns as Evious Ones?
The free cash flow yield on the fun smith ecrity fund has declined over the last decade. We may now see rates increase. An is it probable that the next, the next 11 years, won't offer as high returns as evious ones? I mean, of course it's possibledont you might ask, is it likely? I haven't got a clue. One thing i saw most mirrorr foreshadowed what happened after the credit prices of two thousand eight tw ousd nine. Wasn't the great depression which everybody looked back at. It was the long depression of 18 73 96.
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