Summary
- Boring, low-beta stocks outperform over the long term.
- You can triple your money in ten years even if the market goes up less than its historical average.
- Your portfolio can rise 1,000% in 20 years using the 10-11-12 System.
- With a 13% average annual total return, $100,000 turns into $1 million in 19 years.
- The vast majority of mutual fund managers stink out the joint every single year.
Note
1. Malcolm Baker, Brendan Bradley, and Jeffrey Wurgler, “Benchmarks as Limits to Arbitrage: Understanding the Low-Volatility Anomaly,” Financial Analysts Journal 67, no. 1 (2011), pp. 40–54.
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