James Montier: S&P 500 Total Return To Be Negative For Next 7 Years

What will the S&P 500 Total Return be over the coming years? NO ONE knows for certain but GMO thinks the numbers will not be too good based on valuations and historic trends

Over the past few years, equity markets have undergone a revolution. Both institutional and private investors alike have woken up to the fact that active managers, on the whole, do not outperform their benchmarks, and, therefore they do not deserve the high fees they charge.'

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