Q2 2018: Finding The Path of Least Resistance
Looking for trends that might not exist, can cause one to miss trends that do persist. Investors are always trying to outsmart one another, constantly guessing what will happen tomorrow with today’s news. Whether it is reacting based on fear, or on greed, or maybe just impatience; investing irrationally based on emotions never seem to have a consistent outcome. Especially in the recent months where volatility has been higher but equity prices trended sideways, it may be prudent to invest with patience in a disciplined process.