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By Simon EDELSTEN, manages global equities at Artemis IM
We cannot be sure what the next decade holds, but history suggests this period of high inflation and interest rates is unlikely to be the same as the last. You may need to adjust. We like clumping history into eras: the Anglo-Saxons (beat the Norwegians in the semis and then lost to a team led by William of Normandy); the Normans (boo); the Tudors (tough time for monks and royal wives); the Victorians (empire – from conquered to conquerors).
The stockmarket seems to have its eras, too. In my time we have had the 1980s (big bang, inflation, long lunches); the 1990s (technology boom); the 2000s (technology bust, banks boom and bust); the 2010s (quantitative easing, incredibly low interest...
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