A pragmatic investor avoids the points of peak risk.
“In my mind the combination of sticky inflation and economic resilience further raises the question of whether the neutral rate is really as low as the Fed and the market have thought it is, and by extension whether the Fed is as really restrictive as is commonly assumed.”
“You can be right and still lose money. It all depends on what’s priced in.”
“For most investors financial markets should be chaotic and fascinating, but our portfolios should be stable and dull.”
“In my mind the combination of sticky inflation and economic resilience further raises the question of whether the neutral rate is really as low as the Fed and the market have thought it is, and by extension whether the Fed is as really restrictive as is commonly assumed.”
“You can be right and still lose money. It all depends on what’s priced in.”
“For most investors financial markets should be chaotic and fascinating, but our portfolios should be stable and dull.”