We have just ended the decade, and it has been extremely good for equities as an asset class. The US markets have given outlier returns. Emerging markets have also not done badly. So what is your sense for this decade? Will equity as an asset class continue to outperform other assets?
Looking back, it has been an amazing decade. But if you look at it relative to the previous eight decades in the US, it actually falls right in the middle. It is closer to the median, than to t ..