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Title: One of the Best
Review: Engaging, erudite, comprehensive, precise. Easily the best analysis of the status quo in investment theory and practice.However.The basic conclusion is this: IF you manage to live in a country with a stable legal, social, and political regime for 40 years, THEN during that period stocks will be the best place to park your money.Sure, in the US since 1945 the longest time it took to recover bear market losses was three years. How long did it take the Russians to recover their losses after the Communists annexed their property? How long has it taken Japanese investors who bought at the peak of the Nikkei to recover their losses?
