“Markets do not punish the greedy; nor do they necessarily reward the virtuous and frugal saver. Markets are amoral. ‘Good decisions’ and ‘bad decisions’ play a role in the outcome, but much depends on the wanton accidents of timing—when you get in and when you get out.” —Maggie Mahar
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Links - 01/02/2022
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“Markets do not punish the greedy; nor do they necessarily reward the virtuous and frugal saver. Markets are amoral. ‘Good decisions’ and ‘bad decisions’ play a role in the outcome, but much depends on the wanton accidents of timing—when you get in and when you get out.” —Maggie Mahar