Friday, October 24, 2008

Stocks For The Long Haul

They always go up, yes? It's a no brainer. As long as you have good, innovative, efficient companies, and a strong work ethic you're bound to win!

Yup! But the Japanese market has made no net progress in over 25 years. If you'd gone all-in in 1982, you'd be breaking even. If you'd gone all-in in 1989, when the future was so bright you'd have to wear shades, and everyone knew it, you'd be down 80%.

Link.

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