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Meb Faber x.com
Inigo Fraser Jenkins (@AB_insights) on why the US track record isn't the whole story: Rank markets by market cap in 1899: the US and UK compounded beautifully. Japan, Russia, Germany, Austria-Hungary, France? Effectively wiped out. "There is this inherent survivorship bias in the way people think about long-run returns." Listen: https://t.co/mfnaUo1DNT Watch:
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