FTFM For those about to retire and depending on their own savings or those about to join the workforce, the untimely end of “stable” economic growth may wreck their plans. Many investors fear the repercussions from the crisis will stretch beyond the planned time horizons of their investments.
The power of economic cycles tells us we need to redefine equity risk. Defining it in terms of volatility or the distribution of short-period returns is incomplete and misleading.
