Markets to outperform over long-term

I am a cynical optimist regarding this asset class at the moment. I am cynical for predictable reasons such as the fact that corporate governance is awful in many places. Too often, there is an absence of effective mechanisms, aligning the interests of ruling elites with other groups in the country. Also, expect another big debt default in either Brazil or Turkey within the next year or so. Currently, Turkey is looking a lot more likely. By refusing to allow large-scale US troop deployment on Turkish soil, the Turkish government runs the risk of reduced aid packages. This aid is n...