Market Insights: The Power of The Long View
With 43 years in the investment business, I’ve seen market cycles swing from enthusiasm to despair and back again. The most enduring lesson from those decades is that while the market has historically registered healthy gains over time as our economy and corporate earnings grow, its behavior is fundamentally marked by periods of both above and below average gains. We live through booms and busts along the way, driven by fundamentals and in part magnified by the powerful emotional pendulum that swings between Greed and Fear.
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