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RICHARD BERNSTEIN’S 10 GUIDELINES

After a wonderful 20 year career at Merrill Lynch Richard Bernstein is moving on to greener pastures.  He leaves us with this nice nugget of knowledge.

bern

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*Source: Alphen Asset Management

2 comments
  1. Avatar
    Onlooker

    I love #4, especially in the market right now. We have not reached valuations that would justify taking long term investment positions, in light of the deep recession we’re going through and the questionable economic growth environment that we’re facing.

    All the hopeful cheerleading and momentum trading in this rally do not jibe with that tenet.

    Dr. Hussman would agree too.

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