The past 13 years have largely been a joy for investors. The huge amounts of money pumped into the economy by central banks after the global banking crisis bloated stock markets and led to a boom in fast-growing companies.
Even the sharp falls of about 30 per cent at the start of 2020 when economies ground to a halt because of coronavirus were merely a blip in more than a decade of rising markets.
Despite recent sharp declines, the Nasdaq is up 469.5 per cent and the S&P 500 312.3 per cent over the past ten years, according to data firm FE fundinfo. This is likely to have made us complacent about just how risky investing in stocks and shares is, Brian Dennehy from