50 Years in the Making: The Great Recession and Its Aftermath

Famed investor Peter Lynch put it best: "There are 60,000 economists in the U.S., many of them employed full-time trying to forecast recessions and interest rates, and if they could do it successfully twice in a row, they'd all be millionaires by now. ... But, as far as I know, most of them are still gainfully employed, which ought to tell us

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One dollar invested in stocks in 1802 would be worth more than $700,000 today, adjusted for inflation. The same dollar in bonds would be worth less than $1,500. In gold, it's about $4. In a dollar kept under your mattress, it's $0.05. Over two centuries, there is no substitute to stocks. Clear-cut. End of story. It was this finding that served as t

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In 1930, John Maynard Keynes warned: We are being afflicted with a new disease of which some readers may not yet have heard the name, but of which they will hear a great deal in the years to come -- namely, technological unemployment. This means unemployment due to our discovery of means of economizing the use of labor outrunning the pace at which

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Looking back at the financial crisis, the people who came out relatively unharmed weren't the ones who saw the collapse coming. They were the ones who knew all along that nothing was certain, things change, people act irrationally, markets fail, information is incomplete, and above all, you have to be prepared for the unexpected. The biggest irony

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The best way to navigate that uncertainty is not to run from it, but to accept it. Investors tend to fall into one of two groups: Those who think they know what's going to happen next and act on their supposed insights, and those who admittedly don't understand what's going to happen next and choose to sit on the sidelines. Neither is the sign of a

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"I think stocks are going to beat their historical average. Their historical average returns are between 6% and 7% per year after inflation. I think we are looking actually at probably 8% to 9% per year after inflation over the next five to 10 years," he said. Asked why, his data-driven mind sprung open. "Well, I look at price/earnin

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