"Some of the dogs that didn’t bark last year, like tariffs, might bite this year in the form of higher inflation."
"Once we strip away the noise and the false expertise, we are left with the core reality of investing: making decisions under uncertainty."
"What does a difficult decision look like? One where there are lots of moving parts, a constant stream of new information, plenty of emotional stimulus, and nothing to stop us reacting to it all. This is exactly the type of choice investors have to deal with - with one small addition. We have to make the decision over and over again, as every interaction we have with financial markets creates a new decision point."
"Prices in the market are set by those people with a short-term view."
"Once we strip away the noise and the false expertise, we are left with the core reality of investing: making decisions under uncertainty."
"What does a difficult decision look like? One where there are lots of moving parts, a constant stream of new information, plenty of emotional stimulus, and nothing to stop us reacting to it all. This is exactly the type of choice investors have to deal with - with one small addition. We have to make the decision over and over again, as every interaction we have with financial markets creates a new decision point."
"Prices in the market are set by those people with a short-term view."