Quote of the day – Private Wealth Advisors

Monday, August 22, 2016

Quote of the day

by Marty Mazorra CFP®, ChFC®

Founder & Co-Chief Investment Officer

The indices for equity markets are roughly 10 times higher
than they were in 1986, unadjusted for inflation and dividends, and the yield on the U.S. 10-year Treasury
note is one-fifth of what it was. Of the top 10 companies by market capitalization in 1986, only General
Electric, AT&T, and Exxon Mobil remain in the group today. Google, Amazon.com, and Facebook were not
even dreams. In 1986, Microsoft, Oracle, Adobe, and Sun Microsystems went public.

Credit Suisse’s Mike Mauboussin in his August 6 letter. (HT Josh Brown)

Lots of folks seem to ~~yearn for the past~~ fear change. They really shouldn’t! mm

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Marty Mazorra CFP®, ChFC®

Founder & Co-CIO

is the author of "Making Lemonade: A Bright View on Investing, on Financial Markets and on the Economy" and "Leaving Liberty?: Essays on Politics and Free Market Thinking".

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