Financial Advisor Magazine interview with advisor Chris Davis:
"The hardest thing is that every day the market tells you you're an idiot."
"My grandfather used to say that you make most of your money in bear markets. You just don't realize it at the time."
"What is so pervasive today is the chasm between risk and the perception of risk."
"People are paying an irrational premium for the perception of safety."
Wow, those last two make him sound like a technical analyst. Actually, that first one does, too.
What, me worry?
- A. E. Newman, CDO consultant