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Grigore, thanks for your comment. Indeed that has been the case in the past 11 years. But let’s be careful of hindsight bias — we can’t be sure that will be the case in the next 11 years.

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Stephen Foerster
Stephen Foerster

Written by Stephen Foerster

I’m an award-winning author and Finance prof, CFA. I write stories about investing and investment history. (I don’t give financial advice.)

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