FutureProof Insight #68
"Rational investors will part with their cash only when they believe they are properly compensated for the loss of liquidity and the pain of disquietude." - Peter Bernstein
Volatility is the price investors pay for liquidity and performance
Investors would like all the benefits of public market investments without the costs; many irrationally believe they can eliminate these costs through market timing?
History has shown us the cost of having short-term concerns drive a long-term investment strategy, so effective investors appreciate that there is no free lunch and invest accordingly
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Not any type of advice. Conflicts of interest may exist. For informational purposes only. Not an offering or solicitation. Always perform independent research and due diligence.