FYI: With U.S. stocks at all-time highs, it’s more important than ever that investors be brutally realistic about future returns.
Some of the most purportedly sophisticated investors in the world, the managers of giant pension funds for state and local government employees, might not have absorbed that lesson yet. You can learn a lot from these folks — if you listen to them and then do the opposite.
Regards,
Ted
http://www.cetusnews.com/business/Can-We-Be-Brutally-Honest-About-Investment-Returns-.BJXNJ1c1BG.html
