Friday, December 28, 2018

I really like Ben Carlson...............

....If you aren't reading his blog, well, feel free to start now.   Here is a for instance of his common sensical thinking:

5. There isn’t just one reason. Narratives about what caused the market correction can be fun to argue about but there’s never just one reason for something like this. The president or the Fed or the tariffs or algorithmic trading strategies or the month of December or Taylor Swift’s deafening silence on the trade war didn’t cause this downturn.
Markets are made up of millions of investors, all with different goals, objectives, time horizons, risk profiles, and temperaments. No one person or office or investment strategy can control these millions of moving parts.
The poet Frank Bidart once wrote, “Insanity is the insistence of meaning.” He may have been talking about the movements of the stock market.

No comments:

Post a Comment