#199 Do UK investors have reasons to be hopeful?
Word on the Street
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Productivity Is Everything to Long-Term Investors
We bang on about productivity because it is everything to long-term investors. We all get confused, I think, in the short run that market prices and our returns to investment are driven by some kind of edge we can glean over other investors. That's generally not true. Most of your returns are going to come from that act of being in a diversified portfolio - hoping that the world continues to become much more productive.
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