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There are a lot of people (including me) second-guessing decisions made in the last decade. Here are a couple of my reflections:1. Forget the old saws -“Stocks in the long term always go up” was disproved as we ended the decade with all major indices lower than they were in January, 2000. If you add in the effects of inflation, the results were actually fairly disastrous. Yes, 2000 was a year of elevated stock prices – with the dotcom boom and all. But, no matter how you slice it, the decade of 2000 – 2010 was not “up.”Another bromide “you can’t … (1 comments)
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