Investors have few spare tires left. Think of the image of a car on a bumpy road to an uncertain destination that has already used up its spare tire. The cash reserves of people have been eaten up by the recent market volatility.
WISDOM · VERIFIED · EN
Mohamed El-Erian Quote
“Investors should invest on what they know. The biggest mistake is to invest on what they don't know.”
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The world is on a bumpy journey to a new destination and the New Normal.
Because in the New Normal you are more worried about the return of your capital, not return on your capital.