Perspectives

Perspective Commentary

Our Perspectives Commentary is published quarterly and provided to our clients. If you are interested in receiving a complimentary copy of our most recent piece, please fill out the information below.

Highwire acts and high-water marks

We take the long view at American Trust.  We are long-term investors, contrarian thinkers and students of financial history.  Readers of this newsletter may fondly recall the November 2017 edition [editor’s note: it appears the writers of this newsletter also appear to be delusional at times] in which we traced stock market returns from 1900 across recessions, depressions, bear markets and world wars.  We have updated this data, below, and added tracer lines to show rates of return, were they delivered evenly across time.  The point of the chart, of course, is that returns are far from even.