A Long-Term Perspective on Investing

Published: Nov. 16, 2020, 1:33 p.m.

b'Of all the challenges facing investors in this blighted year, maintaining a long-term perspective may be the hardest. \\xa0In recent weeks, markets have swayed back and forth in reaction to case counts, vote counts, vaccine news and stimulus views, obscuring longer-term trends on economic growth, inflation, earnings and interest rates. \\xa0It has also been tempting to ignore the crucial importance of current valuations in driving long-term returns or to underestimate the potential for recently unloved assets to reduce current portfolio volatility and enhance long-term returns.'