Martin Gilbert: What happens in investing, stays in investing

'Boring' investors pay off in the long run

"Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas," are wise words from American economist Paul Samuelson.

Investors in European equities have certainly taken their money elsewhere. Perhaps not to the casinos of Las Vegas or Monaco, but to invest in other asset classes and markets around the world.   Last year, European equity mutual funds experienced outflows of €50bn and this trend has continued into 2019. Negative sentiment towards European equities is understandable.  The economy is fragile with growth likely to remain below the long-term average. Concerns over Italian banks, certain parts of German manufacturing and the French yellow vest protests are seen as dark clouds over the e...