Even After A World War, Equities Produce An Impressive Real Return

Warren Buffett famously believes that stocks are the best way to build wealth, and over the long term, there is nothing that can hold back the relentless march higher of equity prices. For the past few decades, this has been true, the world has gone through an unprecedented period of economic growth, peace and prosperity and there have been almost no global conflicts or major economic depressions (while the financial crisis was severe, emerging market growth cushion some of the pain).

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