Links - 05/19/2022

“‘Stocks for the long run’ is an idea that has been drilled into the public—and the public has found it comforting. People say, ‘I don’t care if my stocks are down. In the long run, I’ll be fine.’ But that’s a leap of faith. It’s not necessarily wrong—but it is a leap of faith.” —Peter Bernstein (2003, as quoted in Bull!)

“Boom and bust. That’s a familia…