Vltava Fund letter to investors for the second quarter ended JUne 30, 2019, titled, "Recessions."
Q2 hedge fund letters, conference, scoops etc
“Economic growth has been going on rather too long already. Wouldn’t it be better to sell all the stocks now, just before the coming recession, wait until it passes, and then buy them back a good bit cheaper?”
Although this idea seems both logical and current, it is in fact a quote from 2012. We heard the very same thoughts in 2013, 2014, 2015, 2016, 2017, 2018, and we are hearing them today. It would have been nice if life and investing were so simple. Reality, however, is a bit more complicated. To be specific, the aforementioned...
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