The rub here is that buying when prices are low is always a very scary proposition. The low prices that produce high future returns are not possible … - William J. Bernstein
" "The rub here is that buying when prices are low is always a very scary proposition. The low prices that produce high future returns are not possible without catastrophe and risk.
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About William J. Bernstein
William J. Bernstein (born 1948) is an American financial theorist. He is known for his research in the field of modern portfolio theory and for his finance books for individual investors who wish to manage their own equity portfolios. He lives in Portland, Oregon.
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