You are reporting the following post to the moderators for review and possible removal from the forum

seattle prattle
RE: It’s coming

Ghost of Igloi wrote:

“Investors, drunk on the elixir of free money, think the good times will roll on forever. And even if they are cautious, a few quarters of underperformance usually invites either capitulation or being fired. With few exceptions, being too early with a bear call is usually a career ending decision. Better to stay in the crowd, remain fully invested and go over the cliff with the herd.”

Albert Edwards, Soc Gen, August 2018

This appears to be taken from a fund manager handbook. No one's getting fired around here. And grossly exagerated, you think? "Drunk on the elixir of free money?" Give a little credit to those who are taking very seriously how to invest their life's savings.

Hit the submit button below if you want us to review the post.

If you feel this is urgent or want a reply, email us at [email protected] about the post and please include a link to the thread the post is on and what page number/post on that page it is.