STREET DOGS
Smart things said in 2016
Some of the smart things people said in 2016
The Reformed Broker Joshua Brown listed smart things his friends said in 2016. Here are my favourites: Bulls make money, Bears make money, but investors without a flexible process get slaughtered — Ari Wald (Oppenheimer) A 10% S&P 500 return might be about average, but getting to average can be anything but average. I also learned not to doubt the Chinese zodiac, as equities gained during the year of the Monkey in 2016, just as they have every time since World War Two. — Ryan Detrick (LPL Financial) Most people want to be told the things they think they already know. Good asset management is mostly about preparing a portfolio for the things we don’t already know. So while most investors are attracted to the strategy that takes advantage of seemingly certain themes and narratives, the most consistently beneficial strategies are likely to be those that prepare people for what they don’t already know. — Cullen Roche (Pragmatic Capitalism) As John Malone has been known to say, conventio...
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