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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.

Patience Needed in Lower-Return Environment

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.

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