An Epoch Journey: 33 Investor Life-Cycles Since 1926

fascinating look at past cycles

It was very interesting when Craig pointed out that the spreadsheet program he was using was NOT in the model of a Monte Carlo simulation, which is something that I (and others) are sometimes hesitant to use with clients, particularly when all of the various disclaimers are added to the finished product. Amazingly, as Craig pointed out, the data generated by the spreadsheet appears to be actual computations of returns over the respective time periods, and that is indeed a valuable tool for client use.

Fascinating to see the history of the market. Very informative, great presenter and slides. I was born in 1927 and I continue to enjoy learning through A4A.

Good reinforcement that you need to have solid equity exposure to make this work.