FYI: People in finance often say things because they make for good sound bites but don’t actually back them up with solid reasoning. Sound bites make you sound intelligent but rules of thumb always require some context. In this piece I wrote for Bloomberg I provide some context around one of the most misused phrases in all of investing.
Regards,
Ted
http://awealthofcommonsense.com/2017/08/this-time-really-is-different/
