Why Charlie Munger says market returns will be lower next decade

Munger said due to this frenzy, market returns are expected to be lower over the next 10 years than what it was in the previous decade. “So many people are in it, the frenzy is so great and the reward systems are so foolish. I think the returns will go down," he says.

from Markets-Economic Times https://ift.tt/37Pa7lx