"Investors in equities win over the long-term by being optimistic, but that alone is not enough. We also need to be sufficiently realistic to understand that the long-term will include some torrid periods that will present the most exacting behavioural tests."
Joe Wiggins, financial author
“Investors should understand that the investment environment and the starting point for investments have a huge impact on their success, and the shorter your time horizon, the truer this is.”
Howard Marks, Co-Chairman at Oaktree Capital
“The market isn’t some all-knowing oracle, even if people love to valorise the so-called wisdom of crowds. Sometimes crowds can be wise. But, you know, the madness of crowds is also a thing.”
Joe Weisenthal, journalist at Bloomberg
“Short-term investors often create the best opportunities for long-term investors.”
Ian Cassel, founder of MicroCap Investor