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Financial Analyst: Be Wary of the ‘Cult of Equities’

There’s a firmly-ingrained notion among many investors that stocks outperform bonds over the long term by an average of 5 percent. This view isn’t based on reality but “myth.” At least that’s what contrarian financial analyst and money manager Robert D. Arnott, chairman of Research Affiliates says. Arnott, who reviewed data going back to 1801, […]