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51 portfolio buys; 14 newcomers

June 25, 2020

This chart offers a historical view of the Dow Jones Industrials. Since December 1914, roughly the start of the first world war, the index, which includes 30 of the largest US companies by market value, has risen from 55 to 25,665, a rise of almost 467 times in 106 years; that equates to 5.97pc a year, which was less than I expected but still a respectable figure given that it includes two world wars, a global depression and numerous recessions.

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