So long as predictions remain popular, and are so numerous as they are today – and so long as they receive notoriety through repetition in the press and on the radio – contrary opinions will increase in importance as thinking aids. “
April 26, 2017
This classic sentence by Charles Dickens could easily be applicable to the past eight years in the investment business. As the market has continued to rise – now the second longest bull market ever - it has created the worst of times for investment managers. During the past six years no active manager has been able to outperform the S&P...