Legendary Fidelity portfolio manager Peter Lynch famously said that “if you spend more than 13 minutes analyzing economic and market forecasts, you’ve wasted 10 minutes.” We have always taken exception to that statement. However, if you were to replace the phrase “economic and market forecasts” with the words “politics and elections”, we would most enthusiastically […]
“History does not repeat itself, but it oftentimes rhymes”. -Mark Twain “When they were hot, they were very, very hot. But when they were not, they were losers. The story of the stock market … was of stocks that flew higher than at any time in the last decade. Enough of them soared that the […]
When Franklin D. Roosevelt was inaugurated as President at the depth of the Great Depression, he offered the very reassuring perspective in his Inaugural Address that “the only thing to fear is fear itself”. With the benefit of hindsight, that would also have been an extraordinarily insightful market commentary, if it had been offered at […]
