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Mr. Grant's outlook has generally been somewhat pessimistic over the years. He currently contends that he is not being pessimistic.
Ptak: "So, maybe turning back to portfolio strategy, if you will, given the fact that it sounds like you're a bit pessimistic on the 60/40."
Grant: "I wouldn't say pessimistic. I'm trying to be clear sighted. People who are optimistic, because they're wrong are no more helpful than those of us who are pessimistic and wrong."
Mr. Grant's outlook has generally been somewhat pessimistic over the years. He currently contends that he is not being pessimistic.
Ptak: "So, maybe turning back to portfolio strategy, if you will, given the fact that it sounds like you're a bit pessimistic on the 60/40."
Grant: "I wouldn't say pessimistic. I'm trying to be clear sighted. People who are optimistic, because they're wrong are no more helpful than those of us who are pessimistic and wrong."
Hah, i read this. Pessimistic people never think they are pessimistic.
Comments
He currently contends that he is not being pessimistic.
Ptak: "So, maybe turning back to portfolio strategy, if you will, given the fact that it sounds like you're a bit pessimistic on the 60/40."
Grant: "I wouldn't say pessimistic. I'm trying to be clear sighted. People who are optimistic, because they're wrong are no more helpful than those of us who are pessimistic and wrong."