There was a Russian economist, Nickolai Kondratieff (1892-1938), who felt that capitalist economies underwent boom and bust cycles ranging from 50-60 years in length. This cycle is referred to as the Kondratieff Wave and is conveniently divided into "seasons". Each season, theoretically, has certain investments that should prosper.
If one believes in this, here is a link to a great graphic that will say more than I could (picture is worth 1000 words):
http://www.dinl.net/latest_letters_05/20051023_ll_2bg.jpg
I would be curious to hear others' thoughts.
If one believes in this, here is a link to a great graphic that will say more than I could (picture is worth 1000 words):
http://www.dinl.net/latest_letters_05/20051023_ll_2bg.jpg
I would be curious to hear others' thoughts.
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