"You can be right and still lose money. It all depends on what’s priced in."
Adam Marden, portfolio manager at T. Rowe Price.
"People who succeed in the stock market also accept periodic losses, setbacks, and unexpected occurrences. Calamitous drops do not scare them out of the game.”
Peter Lynch, American investor, author and philanthropist.
"If the FOMC moves the interest rate dots far out, it will complicate life for everyone else. This probability of descent is going well so far, but the hazards aren’t over. It was never going to be easy.”
John Authers, journalist at Bloomberg
"The 60/40 portfolio is like grandma’s cooking: It goes out of style but never for long.”
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"The price of higher attractive yields is higher volatility.”
Nick Hayes, fixed income portfolio manager at AXA Investment Management.