Free Throws

“ What do you regard as the most difficult period in the financial markets during your 25 years in the investment business?”

I am often asked this question, usually by people who already have a framework and opinion as a result of living through one or several market downturns. For example, many older advisors and their clients regard the 1973–1974 bear market as the toughest period in their investment lifetime.

David P. Butler
Head of Global Financial Advisor Services
and Vice President, Dimensional Fund Advisors

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