1974 – Then and Now « Atlanta Planning Guys

1974 – Then and Now

Tuesday, October 28th, 2008 by Cass Chappell, CFP®

We have all heard that “those who don’t study history are bound to repeat it” or something similar. This attachment is an excerpt from a letter written in 1974 by Jim Fullerton, former chairman of the Capital Group.

The situation in 1974 was eerily similar to that of today. I promise that this should only take a few moments to read. I think that this is by far the most enlightening piece I have seen during these trying times.

Tags: 1974 bear market, Against the Tide, American Funds, bearishness, Economic crisis, history repeating, market bottom, market history, market pessimism, Perspective
This entry was posted on Tuesday, October 28th, 2008 at 11:49 am by Cass Chappell, CFP® and is filed under Investments. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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