The following figures from the Credit Suisse Global Investment Returns Yearbook 2011 will be nice additions to your “Yes, the markets really are fluid” file. Empires, countries, asset classes, and companies are always in a state of flux. The enduring principle that money always goes where it is treated best means that investors must remain nimble.
What will this chart look like in 10, 20, or 50 years? We don’t know, but we think relative strength is ideally suited to provide the framework to effectively adapt to the inevitable changes.
(Click to Enlarge)
