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The Great Deleveraging: Economic Growth and Investing Strategies for the Future
book

The Great Deleveraging: Economic Growth and Investing Strategies for the Future

by Chip Dickson, Oded Shenkar
August 2010
Beginner to intermediate
336 pages
6h 55m
English
Pearson
Content preview from The Great Deleveraging: Economic Growth and Investing Strategies for the Future

12. Rules of the Road

How about a map?

Assuming deleveraging occurs and leads to a more challenging economic and investing times, most investors will probably not be prepared. One reason is their expectations may be much greater than the types of returns investments delivered over the past nine decades. As shown in Chapter 3, “Nine Decades of Real Asset Class Returns,” those returns have not been consistent, and most recently, the long-term equity returns have been negative. In Japan, the stock market is still down over 70% from its peak and 10-year Japanese Government bond yields remain below 2%. There are times to act with greater caution and there are times investors can act more boldly. Structural bear markets are times to act more cautiously, ...

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Publisher Resources

ISBN: 9780132481236Purchase book