Much of the focus in this week's magazine are links to various commentaries on the market and economic outlook for 2015. As one considers investment changes, the following quote might be appropriate in guiding potential changes.
“The riskiest moment is when you’re right. That’s when you’re in the most trouble, because you tend to overstay the good decisions. So, in many ways, it’s better not to be so right. That’s what diversification is for. It’s an explicit recognition of ignorance. And I view diversification not only as a survival strategy but as an aggressive strategy, because the next windfall might come from a surprising place.” Peter Bernstein
h/t: A Wealth of Common Sense
Below are a few links not contained in the magazine that readers may find of interest as well.
“The riskiest moment is when you’re right. That’s when you’re in the most trouble, because you tend to overstay the good decisions. So, in many ways, it’s better not to be so right. That’s what diversification is for. It’s an explicit recognition of ignorance. And I view diversification not only as a survival strategy but as an aggressive strategy, because the next windfall might come from a surprising place.” Peter Bernstein
h/t: A Wealth of Common Sense
Below are a few links not contained in the magazine that readers may find of interest as well.
- Nuveen Investments 2015 Outlook: World Economies Rebuild as U.S. Growth Strengthens
- Blackrock: Investment Directions 2015 Outlook
- BofA Merrill Lynch: Bull Market Slows to a Jog in 2015
- Goldman Sachs: Outlook 2015
- Charles Schwab: 2015 Market Outlook
- Fidelity Investments 2015 Stock Outlook: Cautious Optimism
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