The Importance of History

Although all disclosure statements from investment advisory firms are required to state that “past performance does not guarantee future results,” studying the very long-term history better characterizes both the risks and returns of asset classes, empowering investors to make better choices. Market history demonstrates the enduring nature of capitalism and how a long-term investor can benefit from an investment in global capitalism. Long-term historical data enables investors to build a portfolio that matches their individual risk capacity, while also equipping them with the knowledge they need to stay the course.For these important reasons, investors should rely on large sets of historical data when building an investment portfolio.

See Appendix A (

Step 9DisclosureCapitalismPast PerformanceHistorical DataRisk CapacityVolatility