“We’re generally overconfident in our opinions and our impressions and judgements” – Daniel Kahneman
The title of this quarter’s newsletter was inspired
“Collective fear stimulates herd instinct, and tends to produce ferocity toward those who are not regarded as members of the herd” – Bertrand Russell
Fi
“Our purpose is to lean against the winds of deflation or inflation, whichever way they are blowing” – William McChesney Martin
“The Great Inflation”
“Volatility.”
If you’ve been following the markets over the past several months, you’ve likely seen and heard a lot about it, and you may have heard your