Today 40 year veteran, Robert Fitzwilson, wrote the following piece exclusively for King World News. Fitzwilson, who is founder of The Portola Group, put together a fascinating piece which covers which covers, “… which (asset) class performed the task of wealth preservation that we all hope to achieve in these chaotic and potentially catastrophic markets.”
“Our last report dealt with the characteristics of a bubble as seen through a technology stock, Cisco, and the sentiment surrounding the choice of that asset. We thought it would be even more interesting to revisit the issue across a broad array of asset classes during the period from 1978 to 1980.
That period seemed to be the culminating phase for the various factors that shaped the late 1960s through the beginning of the 1980s. The table below shows the totals returns for these asset classes both before-and-after-inflation.