TYBS

By Brian Nelson, CFA I tread very lightly in how I communicate broad macroeconomic information. There are investors that are purely macro-focused asset-allocators, there are eternal optimists that believe the sky is the limit regardless of any economic considerations (perhaps like the Oracle of Omaha these days?) and then there are legends like Peter Lynch who is attributed with saying that “if you spend more than 13 minutes analyzing economic and market forecasts, you’ve wasted 10 minutes,” and that “if all the economists in the world were laid end to end, it wouldn’t be a bad thing.” Peter Lynch was the manager of the Fidelity Magellan Fund that averaged a near-30% annual return during the 13-year period ending 1990, “You … Read more