Great expectations
“…investors expect to revel in a long run almost three times what financial professionals say is realistic.”
– From a recent global survey of investors by Natixis, an asset management company. Investors said they expect long-term average annual investment returns of 14.5% above inflation—far more than the 5.3% returns financial professionals expect. Read more at bit.ly/3BBMZUt.
The cost of playing it too safe
“Safety from risk can be exceedingly costly. As a cure, it is often worse than the disease.”
– Mark Spitznagel, founder of hedge fund Universa Investments, in a 7/20/21 opinion piece in the UK’s Financial Times. He said investors often give up too much performance in their quest to avoid downturns. Read more at on.ft.com/3y67EgZ.
Enduring optimism
“Success stories abound throughout America. Since our country’s birth, individuals with an idea, ambition and often just a pittance of capital have succeeded beyond their dreams by creating something new or by improving the customer’s experience with something old.”
– Warren Buffett, from his most recent shareholder letter, quoted in a recent post on The Retirement Field Guide. Read more at bit.ly/3eXyKQd.
