Do the math. It's 5 bad years versus 2 good ones. Translation: loser.
Do the math. It's 5 bad years versus 2 good ones. Translation: loser.
"Understand that I have no argument with investors who have both the investment horizon and the risk-tolerance to maintain a passive investment strategy. While my impression is that the completion of this cycle may be quite similar to what passive investors had to accept during the 2000-2002 and 2007-2009 market declines, disciplined passive investors recognize the potential depth of those cyclical risks. But they also recognize the potential imperfections of any attempt to actively manage those risks, and decide to follow the passive route. For my part, I prefer following a value-conscious, historically-informed, risk-managed approach, and likewise, I have to accept the periodic risks of that approach (which in the recent half-cycle was mainly that - so long as market internals had not explicitly deteriorated - deranged monetary policy weakened the reliable historical tendency for extreme “overvalued, overbought, overbullish†syndromes to produce abrupt losses)."
"I’d like to end with some personal thoughts. If you’re an advocate of a passive buy-and-hold strategy, you’re not my enemy, and neither should I be yours. We simply see the world differently. It’s strange to me how much intolerance has infected every aspect of our culture. As meanness and incivility become increasingly acceptable, I think it’s best to push the other way. Incivility is like a broken window - when it becomes acceptable, you get more broken windows, and everything deteriorates. I’ve laid out our concerns and our evidence, and we’re going to do what we’re going to do. To my critics - disagree as you like, but be kind, lest you invite ridicule when the tables turn. Speculative half-cycles, after all, tend to be completed badly."
--John Hussman
"Understand that I have no argument with investors who have both the investment horizon and the risk-tolerance to maintain a passive investment strategy. While my impression is that the completion of this cycle may be quite similar to what passive investors had to accept during the 2000-2002 and 2007-2009 market declines, disciplined passive investors recognize the potential depth of those cyclical risks. But they also recognize the potential imperfections of any attempt to actively manage those risks, and decide to follow the passive route. For my part, I prefer following a value-conscious, historically-informed, risk-managed approach, and likewise, I have to accept the periodic risks of that approach (which in the recent half-cycle was mainly that - so long as market internals had not explicitly deteriorated - deranged monetary policy weakened the reliable historical tendency for extreme “overvalued, overbought, overbullish†syndromes to produce abrupt losses)."
"I’d like to end with some personal thoughts. If you’re an advocate of a passive buy-and-hold strategy, you’re not my enemy, and neither should I be yours. We simply see the world differently. It’s strange to me how much intolerance has infected every aspect of our culture. As meanness and incivility become increasingly acceptable, I think it’s best to push the other way. Incivility is like a broken window - when it becomes acceptable, you get more broken windows, and everything deteriorates. I’ve laid out our concerns and our evidence, and we’re going to do what we’re going to do. To my critics - disagree as you like, but be kind, lest you invite ridicule when the tables turn. Speculative half-cycles, after all, tend to be completed badly."
--John Hussman
Once was mire than enough.
"...they also recognize the potential imperfections of any attempt to actively manage those risks..."
"and decide to choose the passive route."
Exactly!!!!
"Speculative half cycles, after all, tend to be completed badly."
Yes!!!
(Yes)* 10>>>>>
Have you had a change of heart? I can't believe what I'm reading.
No Gip,
No Gip, speculative half-cycles tend to end badly which means the market has a long way to go down.
Get it. Got it.
Done.
Igy
He has no clue. He just mimics what these charlatans say without understanding a word.
CHK!
For someone to call Dr. John Hussman a charlatan shows an extreme level of ignorance. Dr. Hussman has a prolific history of financial writing that goes back to 2000. One may disagree with his conclusions, but he is often quoted and considered one of the top financial writers of his age. If you would like to see the truth rather than the blatherings of this ignoramus look here:
http://www.hussmanfunds.com/weeklyMarketComment.html
Igy
Obviously fake Igy is back.
Hussman has also routinely lost money for those foolish enough to invest with him.
LGLOI was banned by the Mods.
Igy
They can't ban anyone. Nice try though.
Perhaps banned is the wrong verb, blocked would be a better choice of words.