2017: Still Practicing Rationality Under Uncertainty
We can’t — and won’t try to — tell you what 2017 has in store for investors. But we can tell you that our approach to managing whatever does unfold remains the same. Here are a couple of inspirational quotes from other respected voices who share our perspective about the road ahead.
From Financial Author & Coach Nick Murray …
“The nature of successful investing, as we see it, is the practice of rationality under uncertainty. We’ll never have all the information we want, in terms of what’s about to happen, because we invest in and for an essentially unknowable future. Therefore we are dedicated to the principles of long-term investing that have most reliably yielded favorable long-term results over time: planning; a rational optimism based on experience; patience and discipline. These will continue to be the fundamental building blocks of our investment advice in 2017 and beyond.”
From Dimensional Fund Advisors’ paper, “Prediction Season” …
“In the end, the only certain prediction about markets is that the future will remain full of uncertainty. History has shown us, however, that through this uncertainty, markets have rewarded long-term investors who are able to stay the course.”