The Best Investment Writing Volume 5: Laurence Siegel, CFA Institute Research Foundation - Debunking Nine and a Half Myths of Investing
The Meb Faber Show - Better Investing
Myth Number Nine, We Will Be in a Low Return Environment in the Near Future
Energy is the master resource. Developed countries have already started to cut their carbon usage, with energy efficiency improving at about one and a half % per year globely. We shouldn't punish the world's poorest people for wanting to live a little more like we do. In ristless bonds, you will not even get all your capital back in real terms,. much less a bonus for foregoing current consumption in the equity markets. Global g d p per capita has grown over a somewhat shorter period, because global data start later, from a little over a thousand dollars per person to about 18 thousand. Remarkably, the world average, about 18 thousands dollars per person per year, is now
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