This chart from Grant Hawkridge is a beautiful representation of how our stock market has functioned over the last century and then some.
All-time highs are a part of the process, but they’ve been separated by brutal bear markets that can last years, even decades. This last point is one of many reasons why the latest “research” on why you should have a 100% stock portfolio is hilarious. But I digress.
T…
The post This is Howie Dewitt appeared first on The Irrelevant Investor.