FYI: A podcast listener asked Michael and I the following:
Wanted to get your thoughts on the concept of stocks for the long run and why the investing world all generally agrees that over long time periods stocks will be up big. Why do stocks generally go up over time and why can we expect them to continue to increase in value over time?
We discuss this question briefly in this week’s episode (which will be available on Wednesday) but I wanted to flesh this one out a little more.
Regards,
Ted
http://awealthofcommonsense.com/2018/06/why-do-stocks-generally-go-up-over-time/