#2: “Stocks Can Underperform Bonds for a Long, Long Time”

If you asked the average investor to name the most iron rule of investing, they’d likely say: “Stocks outperform bonds.” And yes, over the long haul, that’s been true. Since 1900 US stocks have returned 9.9% and 10-year US government bonds about 4.4%, a mile-wide gap.  But the key question most folks never ask is… […] The post #2: “Stocks Can Underperform Bonds for a Long, Long Time” appeared first on Meb Faber Research - Stock Market and Investing Blog.

Jun 25, 2025 - 18:20
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#2: “Stocks Can Underperform Bonds for a Long, Long Time”

If you asked the average investor to name the most iron rule of investing, they’d likely say: “Stocks outperform bonds.” And yes, over the long haul, that’s been true. Since 1900 US stocks have returned 9.9% and 10-year US government bonds about 4.4%, a mile-wide gap.  But the key question most folks never ask is… […]

The post #2: “Stocks Can Underperform Bonds for a Long, Long Time” appeared first on Meb Faber Research - Stock Market and Investing Blog.