Chapter One: A Lifetime Planning and Investment Horizon Today
When I first published The Great Boom Ahead
in late 1992, most experts and people felt the long-term prospects for our economic future were dim at best. Bankruptcy 1995
was the bestselling book of the times. Similarly, I published The Roaring 2000s
in early 1998 just as the markets were about to take their biggest correction since 1990 and the developing world was falling into a severe recession. I predicted a correction in the Dow to the 7200 to 7600 level by August to November of 1998 on page 292. In that book I was even more bullish, projecting a Dow as...