John Mauldin: Slow growth means it has to be absolute return
In this interview, John Mauldin, president of Millennium Wave Investments and author of “Endgame: The End of the Debt Supercycle and How It Changes Everything”, shares a message for all investors: “hope is not a strategy”. He argues that with economies globally in disarray, the old rules of investing no longer apply. It’s time, he says, to engage with absolute return.
“You want people paying you for the use of your money,” he says, not be stuck earning a pitiful 2% from governments and banks.
Source: CityWire, October 4, 2011.
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