Quote of the Day: Captures the Essence of How We Approach Portfolio Management

If you’re at all watching the latest intraday price moves of the equity markets — not to mention the day-to-day, week-to-week and month-to-month price moves — I imagine you’re getting a feel for the futility of short-term predictions. While technical analyses do play a role in our process, we view the price fluctuations as essentially the wind, while general macro conditions constitute the all-important tide; the latter being what ultimately determines the prevailing risk/reward setup.

I’ve featured the following Benoit Mandelbrot quote herein before, but it’s absolutely worth repeating, as, in two brief sentences, it nicely captures how we approach the portfolio management process: 

“I agree with the orthodox economists that stock prices are probably not predictable in any useful sense of the term. But the risk certainly does follow patterns…

“The key is spotting the regularity inside the irregular, the pattern in the formless.”


Recieve Between the Lines Posts to your Inbox

Sign up for lorem ipsum delores sin.

We care about the protection of your data. Read our Privacy Policy.
vulkan vegas, vulkan casino, vulkan vegas casino, vulkan vegas login, vulkan vegas deutschland, vulkan vegas bonus code, vulkan vegas promo code, vulkan vegas österreich, vulkan vegas erfahrung, vulkan vegas bonus code 50 freispiele, 1win, 1 win, 1win az, 1win giriş, 1win aviator, 1 win az, 1win azerbaycan, 1win yukle, pin up, pinup, pin up casino, pin-up, pinup az, pin-up casino giriş, pin-up casino, pin-up kazino, pin up azerbaycan, pin up az, mostbet, mostbet uz, mostbet skachat, mostbet apk, mostbet uz kirish, mostbet online, mostbet casino, mostbet o'ynash, mostbet uz online, most bet, mostbet, mostbet az, mostbet giriş, mostbet yukle, mostbet indir, mostbet aviator, mostbet casino, mostbet azerbaycan, mostbet yükle, mostbet qeydiyyat