Patience in Investing: 2024 Update

John Noonan Uncategorized

Well, that was no fun. But you made it! You are now on the other side of 23 months of no new highs, the second longest streak since ‘97. It started at the high on 1/4/22, bottomed out on 9/30/22, and now here we are after a furious 38% run up in global equities from there. By the time we hit that bottom, how often did you hear “this time is different”? Ah, the most dangerous words in investing! Not because they were ever right, but because they have always been wrong. How many dollars were taken out of the …