Fund Rating Systems

A Quirk of the Calendar Is Messing With Stocks

“What is an investor to do when the long view of the market changes, not because of anything happening now, but because of events that took place a decade or more ago?… Michael Markov, a founder of the research firm Markov Processes International, whose studies brought the significance of the fluctuating 10-year returns to my attention, said that nothing had happened lately to make investing a better long-term bet.” Read the full article here. (subscription required)