In reviewing 2021, the number of negative headlines — from the spread and depth of COVID-19 to inflation to Fed policy to meme stock investing — would lead you to believe that the year was an example of highly volatile markets and poor performance.
In fact, performance was above historical averages.
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1 Marks, Howard, “The Illusion of Knowledge,” Oaktree Capital Management, L.P., September 8, 2022, https://www.oaktreecapital.com/insights/memo/the-illusion-of-knowledge, accessed September 20, 2022.
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