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Whatever is cheap became cheap by treating us badly in the past, but is priced to deliver superior returns.
Robert D. Arnott
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Robert D. Arnott
Age: 70
Born: 1954
Born: June 29
Businessperson
Writer
Chicago
Illinois
Cheap
Badly
Superior
Superiors
Became
Priced
Return
Treating
Whatever
Returns
Past
Deliver
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The most treasured asset in investment management is a steady hand at the tiller.
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Many investors prefer comfort, chasing what is popular and loved, rather than pursuing what is out of favor. The markets do not reward comfort.
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