The Cubs are in the World Series—if that doesn’t give a guy license to make some bold predictions, what does? Here is what I offer to you tonight: Between October 26, 2016 and October 26, 2026, the total returns of IBM will exceed the total returns of the S&P 500 Index.
It is a theory of mine that general investor behavior mirrors the “general fighting the previous war” metaphor in that the most recent successes are leaned upon to create the next round of successes, and the recent failures are abandoned because, hey, the definition of idiocy is doing the same thing over and over again and expecting a different result, right?
Admittedly, I base my theory on a collection of anecdotal evidence. Nearly every person who has ever talked to me about retirement investing has indicated that they have chosen their retirement funds exclusively on fees and a look … Read the rest of this article!