High Cash Levels and Your Portfolio [View article]
Mr. Green:
This is the first article I've ever seen on this site that I agree with every word of. (This, however, may not be good!)
I have been aware of this quirk among humans for quite a while, and it stands firm today not only among average investors, but also within the financial media.
They often bring up yesterday or today and extrapolate that into a permanent future.
This is probably fine for traders, but investors must look out to the future -- and I think we have to do that by understanding the past, although no two market eras are the same.
E.g., the government's recent intervention in the economy pales anything in the past. We can only estimate what amounts to about 15% of GNP tossed into the system will bring about.
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Mr. Green:
Jan 13 08:33 am
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All Comments by ArtfulDodger »High Cash Levels and Your Portfolio [View article]
This is the first article I've ever seen on this site that I agree with every word of. (This, however, may not be good!)
I have been aware of this quirk among humans for quite a while, and it stands firm today not only among average investors, but also within the financial media.
They often bring up yesterday or today and extrapolate that into a permanent future.
This is probably fine for traders, but investors must look out to the future -- and I think we have to do that by understanding the past, although no two market eras are the same.
E.g., the government's recent intervention in the economy pales anything in the past. We can only estimate what amounts to about 15% of GNP tossed into the system will bring about.
Excellent article! Thank you very much.
Artful