Topic: How To Invest

What is Pat’s commentary for the week of January 17, 2023

Article Excerpt

Here’s Part One of the most-recent letter I sent to our Portfolio Management clients in October 2022: “We’re aiming to get this client letter out to you a little earlier than usual. That way, you’ll have a chance to read it before we know the outcome of the U.S. mid-term Election on November 8. The election may bring market surprises and turmoil, and it may take days or even weeks to get the final results. We’ll talk about that in our weekly Inner Circle in November and December. As long-time readers know, we take a skeptical view of most market indicators and other sources of investment predictions. One reason why is that they tend to be tainted by conflicts of interest, which are the most common and thus most dangerous risk you face as an investor. You need to understand that indicators and predictions are more like marketing materials than research. That said, long-time readers know we’ve written about the “four-year rule” many times…