Facing Your Fears

Equity markets have overcome their end-cycle anxiety to deliver impressive gains thus far in 2019. Given the magnitude of returns across stock markets globally, it is perhaps not surprising to see widespread reports of FOMO among investors. While the “fear of missing out” on incremental market gains can be a powerful psychological motivator, we believe investors’ primary concern should be the permanent impairment of capital and the impact that can have on the long-term growth of their assets.

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