Excessively Quotes
You can use allocations or strategies that will seem unproductive or even excessively volatile, but when you put them in the context of a larger portfolio, they play a smoothing role.
- Tony Werley
We have often noted the Fed tries to choose a policy action that minimizes the consequences of a mistake. Which would have the least negative consequences today: easing too much and setting off an excessively strong rebound or easing too little and allowing the economy to slip back into recession? We would vote for the former.
- David Orr
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