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If 2000-2009 was the Lost Decade for investors, 2010-2019 was the Decade of Forgetting.
In March 2008, E.S. Browning wrote for The Wall Street Journal that “we may be in another lost decade” for stocks, like the Great Depression and the 1970s. He was right. Stock investors had their wealth slashed in half twice, in 2000-02 and 2007-09. All told, the S&P 500 had an average annual total return of negative 0.95% from 2000 through 2009. To end the decade barely below where they had started, investors had to endure a brutal battering along the way.…
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This article was originally published on The Wall Street Journal.
Further reading
Benjamin Graham, The Intelligent Investor
Jason Zweig, The Devil’s Financial Dictionary
Jason Zweig, Your Money and Your Brain
Jason Zweig, The Little Book of Safe Money