Build a Better Path Part One: What’s Past Is Prologue

Lessons from capital-markets history hold critical insights for portfolio design today. In the first installment of the Build a Better Path series, we adjust our lens. Instead of zooming into a specific topic, we’ll zoom out, assessing the big picture of investing today. Market dynamics have been shifting—and not for the better—amid structural headwinds, years of sequential inflation/affordability shocks, and recurring geopolitical flare-ups. The challenge for investors? Designing portfolios to deliver return paths that make the most of what markets have to offer.

Watch the replay for part one of our two-parter on Build a Better Path. You’ll gain greater clarity on these key takeaways:

• Six chapters define the modern investment era—and provide important lessons that inform today’s investment strategy.
• If the outsize returns of past decades don’t continue, the sequence of returns becomes critical in driving portfolio success.
• Portfolios engineered to be more resilient have the potential to improve the performance path and—ultimately—outcomes.