T.The billions central banks have pumped into the global economy over the past decade have made it seem very easy to be an investment genius.
As cash flooded the markets, stocks skyrocketed. You could just pick a fashion company (don’t worry about the business basics, just choose anything tech related: Tesla, grocery delivery, consumer goods), sit back and watch the money come in.
Our best-performing FTSE 100 stock last year was Tech Investment Trust Scottish Mortgage, which returned 106 percent – in a pandemic. Great deal, but exceptional returns nonetheless. In the US, the Nasdaq rose 47 percent. Unlikely.
Given the returns since the banking crisis, I’ve always been a little confused about why so many people are still around