I think I found Forester's mentor.HanSolo wrote: ↑Sat Oct 16, 2021 2:48 amI looked up the historical average and I can guarantee to you that long-term returns from this point to, say, the end of the decade, won't be that number. They will be over or under.
Just to clarify... by "diminished returns" I didn't mean relative to historical average. I meant relative to what they would've been, had we not soared. For example, we don't know at what number the S&P will finish the decade, but it's a mathematical fact that returns from the current number to that endpoint are less than from some lower number to that endpoint. If, for example, we reach the 2029 endpoint number this year, then the remaining price return on the S&P will be zero for the rest of the decade. That is an example of diminished returns.
Not accepting diminished returns is mathematically equivalent to not accepting the soaring. And now that we know your position, glad to hear it!
Following up on this...
Just to clarify... my meaning was that I'm happy that Forester now has an apprentice in the delicate art of forecasting, and that it would be "good form" to thank him for your apprenticeship.
Good luck.
https://twitter.com/Logan_JH1