Nov 9, 2007

We do not have all the answers

Obviously, we do not have all the answers. No one does. Like
all portfolio managers and journalists who have offered their
views on investing, we have been wrong in the past. But we have
also been right. And we think our views offer both an intelligent
sense of the current and future investing environments and the
proper amount of caution.
We cannot make investing less difficult than it is. Even if you
are investing for the long term and using well-known mutual
fund companies or a smart money manager that you like, you still
have to question the advice you get, make your choices, and live
with the consequences.
And we are not, like some prognosticators, preparing you for
the good time or the bad time we see ahead. We are predicting
neither an investing nirvana nor an investing debacle ahead—just
curves and straightaways

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