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Customer Quote by Niall Ferguson

“It nevertheless remains true that, in most countries for which long-run data are available, stocks have out-performed bonds – by a factor of roughly five over the twentieth century.” quote by Niall Ferguson
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““It nevertheless remains true that, in most countries for which long-run data are available, stocks have out-performed bonds – by a factor of roughly five over the twentieth century.””

Niall Ferguson

About This Quote

Source Book: The Ascent of Money, 2008

Historically, stocks have outperformed bonds by about five times over the 20th century in most countries with data.

In simple terms: Stocks beat bonds over long term.

Key Takeaway

Consider equities for long‑term growth.

Themes

finance investment history

Mood

analytical cautious

Type

informational strategic

When to use this quote

  • retirement planning
  • wealth building
  • portfolio diversification

Key Concepts

risk return market cycles

Questions to Reflect On

  • Are you comfortable with the volatility of stocks?
  • How does this data influence your asset allocation?
A Different Perspective

Past performance may not predict future returns.

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