BACKWhile every bull and bear market has some unique characteristics, market cycles are an inherent aspect of investing and cycles must be endured if investors want to harness the returns that global capitalism provides over time. We will come upon additional bear markets in the future and we must plan accordingly by controlling those things that can be controlled, such as costs, tax efficiency, asset allocation, diversification (including high-quality bonds) and discipline.
Is It Different This Time? A Brief Historical Review of Market Returns
Author:
Scott D. Reinhardt, CFA
Published on: January 12, 2009