Richard Sylla, economic historian and professor of economics at New York University’s Stern School of Business
“People ought to take a longer view and think in terms of years and even decades,” Prof. Sylla says. “Most people are quite pessimistic right now. I am saying: The market may go down from here. It may go up. But if you look at the long sweep of history, this seems like a good time to buy because the average return is down near the bottom” and is likely to go up.”Source WSJ
Richard Sylla and associates accurately predicted this decade of declines that haunted investors.
“The Ladies Home Journal from December 1900, which contained a fascinating article by John Elfreth Watkins, Jr. “What May Happen in the Next Hundred Years”.
Mr. Watkins wrote: “These prophecies will seem strange, almost impossible. Yet, they have come from the most learned and conservative minds in America. To the wisest and most careful men in our greatest institutions of science and learning I have gone, asking each in his turn to forecast for me what, in his opinion, will have been wrought in his own field of investigation before the dawn of 2001 – a century from now. These opinions I have carefully transcribed.”
“During the Year 2000, we included Mr. Watkins research in our feature articles. We invite you to comment on these predictions, whether they have been realized in some way or how they can never be accomplished! In any event, we know you’ll enjoy these entries.
SEE ALL 29 PREDICTIONS ABOUT 2000,
FROM THE DECEMBER 1900 ISSUE View full article »
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