Historically, we have always seen reversion to the mean. After stocks have had an unusually great 10 or 20 years, they typically turn in subpar
We believe that people moving their portfolios to an overweight in bonds will be disappointed over the long-term and will significantly underperform an asset allocation
We continue to advise that investors remain committed to a patient, long-term outlook and that the best way to do well in stocks is to
Fear, greed and hope have destroyed more portfolio value than any recession or depression we have ever been through.
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