After a wonderful 20 year career at Merrill Lynch Richard Bernstein is moving on to greener pastures. He leaves us with this nice nugget of knowledge.
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*Source: Alphen Asset Management
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.
Onlooker
I love #4, especially in the market right now. We have not reached valuations that would justify taking long term investment positions, in light of the deep recession we’re going through and the questionable economic growth environment that we’re facing.
All the hopeful cheerleading and momentum trading in this rally do not jibe with that tenet.
Dr. Hussman would agree too.
FDO15
I like #5. So true.