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Ben Carlson: Dividends Don’t Matter As Much As They Used To

FYI: In his excellent market history book, It Was a Very Good Year, Martin Fridson tells the story of the year that was in the market in 1915.

It remains one of the strongest years on record for the stock market, which was up more than 50%, even though World War I was well underway at the time.

Fridson discusses how differently stocks were viewed in the early 20th century than they are now:
Regards,
Ted
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