There is no doubt that being an investor in the share market has been troublesome over the past 4 1/2 years. Here in Australia we are still well off the highs on the ASX of late 2007. All the economic and investment news we read appers bleak (at best). Why then should we persevere with holding company shares in this climate?
This very question has been raised by Weston Wellington (Vice President, Dimensional Fund Advisors) in his regular column- Down to the Wire. Weston reminds readers of the "Death of Equities" call back in 1979 after a similarly difficult investment period. What followed, not immediately but eventually, was one of the strongest bull markets in US history.
Please find a copy of Weston's article below.