Wednesday, March 08, 2006

Unexpected Returns

Received the copy of Unexpected Returns by Ed Easterling I ordered from Amazon and started reading. The book looks at longer term cycles in the stock market and the justification for hedge fund type investing instead of buy and hold. Buy and hold works in the long bull markets such as from 1982 to 2000 in the US, but maybe we are now in a protracted sideways bear period as occurred in the 1960s and 1970s and buy and hold could provide dividends and interest but little long term capital appreciation.

No comments: