Investing Amid Low Expected Returns: Making the Most When Markets Offer the Least Ilmanen Antti

Falling yields have boosted valuations and realized returns on most assets for four decades, essentially borrowing returns from our future, while keeping rearview-mirror expectations too rosy. Many investors now facing the challenge of cooler investment conditions have so far had the courage to increase risk taking but not the serenity to accept lower returns and moderate their spending plans. Investing With Serenity draws parallels with the Serenity Prayer.

Instead, we should have the serenity to accept we cannot control short-term returns and focus on what we can control, a good strategic investment process.Investing With Serenity first outlines the low expected return challenge and how retirement savers and other investors A rearview-mirror mindset also makes us prone to judge investments based on their recent years' performance, which is dominated by luck.