Is anybody keeping track of how many times prof. Siegel has been wrong (remember Stocks for the Long Run)?
The Wharton economist is optimistic:
If post-World War II patterns hold for the future, he calculated last week, prospects for stock investments are excellent: there would be a 96.6 percent probability of a positive return for the next 5 years, going up to 100 percent for 10- and 20-year periods. Average real returns would be stellar — about 11 percent annually in holding periods from 1 to 20 years.
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[From Jeremy Siegel's Forecast]
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