Garry Laurence says a wise portfolio manager once told him to think about markets in terms of decades.
Each 10-year period brings with it different investment trends and opportunities. Consumer behaviours change and new innovations are unleashed, reflecting themselves in the performance of the sharemarket.
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Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
