In 1968, investors faced a situation analogous to today's: the Bretton Woods monetary system ended in 1971, creating a structural change in the monetary order, and the investments that protected investors through the subsequent inflationary decades (1968-1979) were gold, commodity stocks, and value stocks—not bonds or large-cap equities, which both lost money in real terms.
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Speaker
Russell NapierEvidence Quote
“And we know now what you should have owned in 1968: gold. You should have owned commodity stocks and actually value stocks. Value stocks didn't lose money in real terms through that period.”
Source
Understanding The AI Opportunity with Russell Napier | The 2025 Prime Quadrant Conference— Prime QuadrantCreated: 8/11/2026, 7:40:36 AM
My Notes
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