As investors who have been around the block a few times, we recoil when the prevailing wisdom says “this time it’s different.”
Generally, this happens when the markets are behaving irrationally. Over very short periods, headlines and policy proposals can move markets. The market pendulum tends to swing too far in both directions.
How we choose to react, or not react, reflects on our core principles. The second quarter was a case study in those core principles of patience and focus on high-quality investments, especially in the face of historic market volatility.
Read our Q2 market update for a more in-depth analysis, and to get our perspective on it all.
