In Norse mythology, Loki was a cunning trickster.
Many of us know him as Thor’s brother, in the Marvel-inspired Thor and Avengers series of films. Loki’s complexity makes him one of the most popular characters in the series. He often tries to destroy Thor and the other Avengers (including Captain America, Ironman, and their superhero ilk). But Loki has a good side too, which keeps people guessing.
The stock market is a lot like Loki. Imagine Loki’s father taking the mischievous chap aside about 200 years ago. His father says, “Hey Loki, I’m putting you in charge of the stock market. I know you love to trick people. But there’s just one rule. Over 30-year durations, make sure the stock market averages between 7 and 11 percent per year.”
Loki knows his father would destroy him if he drifted far from the rule (never mess with a Norse god). So Loki ensures that stocks earn decent 30-year profits.
But he did his best to make sure few investors earned such profits.
Image by Pixabay
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