…critical. If you think you can stay ahead of the high-frequency traders and other pros when it comes to short-term market movements, I wish you luck. I think it’s far…
Search Results for: Luck
Berkowitz's Checklist and Lessons
…no one else has it. You only see reality under extreme stress Volatility is not risk! Always assume you will have bad luck. If you have to use more than…
Stocks for the Long Run?
…he “wouldn’t be surprised if the 7% historical average real return were, say, 4% expected return plus 3% unexpected return, where the 3% represents good luck (a positive surprise).” His…
Grantham: Stocks Overpriced, but (Unfortunately) Likely to Rise
…carefree”. He hopes other outcomes are collectively as likely to occur, but adds that “we are definitely playing with fire and need some luck.” Grantham says global equity markets are…
Why Jeremy Grantham Is Bored with this Market
…markets, something he’s trying to reconcile. “We in asset allocation may, however, push our luck in emerging –- particularly ex-China emerging — using inertia to reduce our current modest overweight….