From Morningstar: 2024-11-13 04:55:54

Columnist, John Rekenthaler, announces retirement from Morningstar due to health and newfound desire for other pursuits. Reflects on unexpected career success in finance despite initial lack of knowledge. Acknowledges benefits of investing in stocks and highlights positive impact on personal portfolio and total returns over time.

Rekenthaler attributes US stock market success to consistent growth in corporate earnings. Illustrates substantial increase in earnings and total returns over his 37-year career at Morningstar. Reflects on personal investment choices and acknowledges the impact of dividends and equity valuations on overall portfolio performance.

Despite stock market success, Rekenthaler recalls widespread disbelief and skepticism towards equities throughout his career. Recounts various negative sentiments and predictions, yet emphasizes the sustained growth and value creation in the market. Cites personal experience with Berkshire Hathaway as an example of long-term investment success.

Looking ahead, Rekenthaler remains cautiously optimistic about future equity performance. Acknowledges potential challenges and economic uncertainties but highlights the long-standing advantage of capital in the US economy. Encourages continued investment in stocks for long-term wealth growth and financial security. Morningstar bids farewell to a writer, but leaves the door open for future collaborations. The author will continue submitting articles when interested, with the company allowing them to keep their email address. No securities mentioned in the article are owned by the author or authors, in line with Morningstar’s editorial policies.



Read more at Morningstar: Farewell, for Now | Morningstar