The Rolling Stones Understand Long-Duration Investing
It’s only after the animals are out of the barn that investors want to close the door. This means attempting to make most of the money from participating in common stocks, but somehow regularly going to cash in the worst declines. Consider the aftermath of the 2007-09 financial meltdown and bear market when asset allocator’s first looked to those active equity funds which weathered the 2008 storm the best. You want to make money in stocks, but “you want to be free.”