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Patience Needed in Lower-Return Environment

Vanguard chief economist Joe Davis expects lower market returns over the next decade and says investors will need to be patient and diligent to be successful.

Note: This video is the second of two parts with Vanguard's Joe Davis.

Christine Benz: Let's talk about Vanguard's forward-looking outlook for the U.S. economy over the next decade. I know you do it in bands. You don't sort of have a blanket growth target. But let's talk about where you are seeing the economy going in the decade ahead.