Here are some things we know. We know that long-term stock market returns are utterly unrelated to economic growth. Instead, they are related to the price at which you buy your stake. Buy when it is cheap and history tells us you will make good long-term returns. Buy when it is expensive and history tells us you won’t.
我们知道几件事情。我们知道，股市的长期回报率跟manbetx20客户端下载 增长之间没有丝毫关系。相反，真正有关系的是买入价。历史表明，在股价便宜时买入，将收获丰厚的长期回报；在价格昂贵时买入，回报就没有那么高了。
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