BUSINESS

Ken Fisher: The Next Decade Will Be 'Just Be As Good As The 1990s' For Investors

11/29/2010 05:12 am ET | Updated May 25, 2011

Sept. 28 (Bloomberg) -- The next decade will be as good for investors as the 1990s, said Ken Fisher, the billionaire chief executive officer of Fisher Investments Inc., dismissing notions that developed economies face below-average growth.

Fisher said the concept of a "new normal" is "idiotic," pitting him against money managers including Mohamed El-Erian, the CEO of Pacific Investment Management Co., which coined the term to describe a world of high unemployment, more regulation, and the shrinking importance of the U.S. in the global economy.

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