Subject: End of an era - profit slowdown
Per Manlobbi's suggestion, a post of mine that isn't Berkshire related, posted elsewhere, on the macro board:
https://www.shrewdm.com/MB?pid...

Very highly recommended reading for anyone who needs to come up with a baseline return figure to expect from broad US equities in the next 10-20 years.

TL;DR - don't extrapolate results from the last 30 years. We all did well ONLY because profits soared because of one-time falls in interest costs and taxes.

Jim