It has long paid off to be greedy when others are fearful and these days the banking crisis has frightened many folks. From Silicon Valley Bank to Credit Suisse to First Republic, there have been plenty of scary headlines. Of course, interest rates have fallen, likely alleviating pressure on bank balance sheets, and the Federal Reserve would appear to be near the end of its tightening cycle. In our latest Special Report, Banking on Value Stocks, we put the recent happenings into perspective and offer the reminder that time in the market trumps market timing.
MARKET TURBULENCE ISN’T UNUSUAL
The Prudent Speculator began in March 1977 as a fortnightly epistle, and we’ve been sharing our thoughts with readers ever since. Over the ensuing 46 years and counting, we’ve navigated through a variety of scary headlines, with each frightening event overcome in the fullness of time, so much so that long-term returns on equities have been terrific, despite numerous downturns, selloffs, corrections and Bear Markets along the way.
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