商品簡介
There is an old saying, "make hay while the sun shines." The counterpart for investing would be "make money in bull markets," but investors failed to do so during the last two bull markets. For a variety of reasons, many pension plans, money managers, financial advisors and investors held cash, didn't realize bull markets were under way, and squandered billions of dollars. Why? For thirty-six years, working as discretionary portfolio managers, the authors have been telling financial advisors and investors "rallies and bull markets don't issue invitations" and "rallies and bull markets don't look like rallies and bull markets" . . . until they are over. As bull markets climb a wall of worry, this book will help financial advisors and investors focus on the profitable climb instead of the worries.
For the eleven-year bull market from March 2009 to February 2020, and during the subsequent bull market of 2020, the authors were correctly, and very publicly, bullish. They regularly published research reports taking head on the issues and situations that concerned investors such as inflation, deflation double dip recession, Federal Reserve policy and unemployment, to name a few. Many of those papers written in the heat of the battle are included in the book for the readers' benefit.
