“Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria.”
“There’s never going to be a time when things are fully settled, and I just have to continue to run my business”
“The Federal Reserve needs new thinking – its models are unreliable, its policies erratic and its guidance confusing. It is also politically vulnerable.”
“A downturn like 2007-09 when U.S. stocks fell by more than half can be both awful and therapeutic.”
Our latest Quarterly Investment Perspectives recaps the third quarter and looks ahead to the end of the year.
COVID
