è uscita una nuova edizione del celebre libro di Siegel (dai suoi dati un indice di reit negli ultimi 50 anni ha avuto lo stesso rendimento dello S&P500):
https://ritholtz.com/2022/10/transcript-the-jeremies/
https://it.b-ok.xyz/book/23244871/698f0d
l'errore che ha fatto:
RITHOLTZ: And our final question, what do each of you know about the world of investing that you wish you knew 20, 30, 40, 50 years ago?
SIEGEL: Well, I probably would have not had any bonds in my TIAA-CREF university account.
RITHOLTZ: No bonds at all.
SIEGEL: You know, I had — I started out — they always — I said, oh, Jeremy, you got to be 50/50. Okay, back then, you know, I was —
RITHOLTZ: Even 60/40.
SIEGEL: Yeah. I mean, you know, I wasn’t — you know, when I started — don’t forget I started as an economist. I get into finance, actually, later. So — and until I studied myself, and I said, what am I doing this for? And I started shifting away. But, you know, if you’ve got that long horizon and you’re young — and you’re young today, this is a golden time. I mean, you’re not buying at the top. You’re buying near the bottom. You are going to be guaranteed great returns when you retire.
RITHOLTZ: In equities, not in bonds.
SIEGEL: Not in bonds, even with their real rates suck
