I absolutely hate it when someone simply says, “In the long run, equities have given better returns than any other asset class,” without specifying a context whatsoever.
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lol!. Many do that dont they?… One of my colleagues commented “Mutual funds are the best way to make money & give you maximum returns and worth taking all the risks”.. I wonder what was he thinking? or if he has just been lucky, I don’t know.. Well I for one would request the fund manager to take maximum risk if I have to invest in a mutual fund..
I don’t know if you remember I always used to repeat equity’s are mostly liabilities, they can easily milk money out of your pocket.