Analysis

Real Returns and Volatility of Various Classes of Investment Over Long Periods: An Update

July 1, 1990

The real trouble with this world of ours is not that it is an unreasonable world. nor even that it is a reasonable one. The

Analysis

Real Returns and Volatility of Various Classes of Investment Over Long Periods

July 1, 1988

Introduction Most foundations and endowments regard themselves as perpetuities although some, such as The R. Samuel McLaughlin Foundation, have a planned termination date. All others