host, there are money managers out there who are doing their clients a great service at this current point in the cycle by not being afraid to park much of the assets in cash. Long-term buy-and-hold strategies are not failproof ways to grow and maintain wealth. You need to know when to sell, park, and buy. It isn't just about making money; it's also about protecting it.
These same money managers are, of course, considered contrarians. Or insane. But in hindsight, they can be viewed as geniuses. But we tend to forget about genius when caught up in the herd mentality.
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Knowing that death is certain and that the time of death is uncertain, what's the most important thing?
—Bhikkhuni Pema Chödrön
Humankind cannot bear very much reality.
—From "Burnt Norton," Four Quartets (1936), T. S. Eliot
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