"Investors vote with their capital."
Sumesh Chetty, portfolio manager at Ninety One.
"What has created this mother of all value traps? In one word, technology. You need to incorporate innovation into classic macroeconomic theory. If the pace of innovation is increasing, it’s easier to be in growth stocks”
Sébastien Page, Head of Global Multi-Asset and CIO at T. Rowe Price.
"I think the neutral rate is a lot higher than the Fed recognizes, which means the central bank isn’t doing enough to fight inflation...Perhaps the Fed’s mantra, instead of ‘higher for longer,’ should be ‘higher indefinitely.”
Bill Dudley, ex-president of the NY Federal Reserve.
“You either have the passive strategy that wins the majority of the time, or you have this very active strategy that beats the market…For almost all institutions and individuals, the simple approach is best.”
David Swensen, former CIO of Yale Investments Office.