The world’s top investment firms pay Rob Arnott for advice. He shares 2 trades he thinks will deliver 15% annualized returns over the next decade

• Inflation may stay above 3% for years, Rob Arnott said in an interview with Insider.
• Tight monetary policy and high valuations make stocks vulnerable to downside risk, he said. 
• Arnott also shared multiple opportunities he sees for the long-term.

Investors and central bankers who are hoping that inflation falls back to the Federal Reserve’s 2% target in an orderly fashion may be bound for disappointment.