3rd Quarter 2015
“It’s tough to make predictions, especially about the future” —Yogi Berra
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To our clients and friends:
In these newsletters, I often discuss how difficult it is to definitively predict the direction of markets over time. This applies to both short-term and long-term predictions. The above quote is one of the more famous attributed to the late Yogi Berra who died on September 22. In many ways, it is both timeless—and timely.
One more bit of humor about predictions and markets. The website Motley Fool recently made the following tongue-in-cheek observation:
“When no one knows what the economy or stock market will do next, people say there's high uncertainty. This is different from low uncertainty, when people think they know what the economy and stock market will do next. This is then invariably followed by being wrong, which they blame on high uncertainty”.
If you could follow that somewhat convoluted line of reasoning, you’re pretty sharp. Yet both of the quotations above—while intended as comedic—ring true.
About the Author
Andrew J. Fama
Fama Fiduciary Wealth LLC is an SEC-Registered Investment Advisory firm originally established in 2001 under the name of Andrew J. Fama Asset Management. With over 30 years of experience representing financial institutions, businesses and individuals, Mr. Fama understands the risks inherent in all types of investments.
To learn more about Andrew J. Fama click here.