September marks the ten-year anniversary of what is now commonly referred to as the “Great Recession.” It is truly hard to believe ten years has passed since the failure of Lehman Brothers and the onset of fall in the financial markets that saw the Dow Jones reach 6,547 – a 54% drop from the previous all-time high. At the time of maximum investor pessimism, no one could’ve foreseen a Dow 26,000; yet, here we are. Oh, what a difference a decade makes!
Reflecting on the last ten years, I decided to ponder the past by reading through a decade’s worth of Greenwood Reports. I wanted to reflect on what we were telling clients during those trying times. The following excerpts from 2009, 2010, & 2013 were worth sharing as they provide perspective on the power of long-term investing.
Read the rest of President G. Brock Gearhart’s reflections and excerpts from past Greenwood Reports in the September 2018 issue of the Greenwood Report in the Issuu window below or download the .pdf using the link embedded.
[button size=”medium” target=”_blank” hover_type=”default” text=”Download the PDF” link=”https://greenwoodgearhart.com/wp-content/uploads/2018/09/20180913-Greenwood-Report-Q3-WEB.pdf”]