“There are two kinds of investors: those who don’t know where the market is headed, and those who don’t know that they don’t know. Then again, there is a third type of investor—the investment professional, who indeed knows that he or she doesn’t know, but whose livelihood depends upon appearing to know.”
William Bernstein, The Intelligent Asset Allocator
“For those properly prepared in advance, a bear market in stocks is not a calamity but an opportunity.”
John Templeton, investor, philanthropist, mutual fund pioneer, and billionaire
According to the Investment Company Institute, many investors heavily loaded up on mutual funds as the market was peaking in early ...